In the United States, the Most Common Form of Business

question 43

Multiple Choice

In the United States, the most common form of business is the of the sales and profits is the ____.

• A)corporation; corporation
• B)corporation; proprietorship
• C)proprietorship; partnership
• D)proprietorship; corporation
• E)corporation; partnership
• , and the form of business that generates most

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Definitions:

Absence of Trade

A situation where there is no exchange of goods or services between individuals, regions, or countries, often resulting in decreased economic efficiency and growth.

Tariff

A tax imposed by a government on imports or exports of goods to regulate trade policies.

Excise Tax

A sales tax levied on a particular good or service; for example, gasoline and cigarette taxes.

Imported Good

A product or service brought into one country from another for use, sale, or consumption.