The Most Common Type of Business in the United States

question 24

Multiple Choice

The most common type of business in the United States is the

• A) corporation.
• B) partnership.
• C) sole proprietorship.
• D) hybrid organization such as a limited liability company.

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Definitions:

Laws

Rules and regulations established by society, institutions, or natural phenomena, guiding behavior or processes.

Honor

A code or sense of integrity and morality, often associated with fulfilling social obligations, duty, or maintaining one's reputation.

Principles

Fundamental truths, laws, or doctrines that serve as the foundation for a system of belief or behavior or for a chain of reasoning.

Pelagius

A theologian of the late 4th and early 5th centuries, known for his teachings on free will and his opposition to the doctrine of original sin.