The Form of Business Organization That Comprises About 19 Percent

question 24

Multiple Choice

The form of business organization that comprises about 19 percent of all businesses in the United States is the

• A) joint venture.
• B) syndicate.
• C) sole proprietorship.
• D) partnership.
• E) corporation.

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Definitions:

For-Profit

Describes businesses or organizations that operate primarily to generate profit for their owners or shareholders, as opposed to non-profit organizations.

Primary Groups

Fundamental social units where individuals have direct, close, and intimate interactions, typically including family and close friends.

Secondary Groups

Larger, more impersonal groups in which relationships are temporary and goal-oriented.

Social Networks

The webs of relationships and connections among individuals or organizations, facilitating communication and interaction.