The Majority of U.S.business Is Transacted by Proprietorships

question 138

True/False

The majority of U.S.business is transacted by proprietorships.

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Definitions:

General Public

The collective of individuals in a society, often used to refer to the average consumers or citizens.

Board of Directors

A body of people chosen by stockholders to supervise and make significant decisions regarding the corporation's management.

Corporate Management

The executives and senior officials responsible for leading and managing a corporation, including its strategies, operations, and policies.

Day-To-Day Business

Refers to the regular, routine operations and activities carried out by a business or organization to maintain its function.