The Type of Business Enterprise with the Most Entities Is

question 71

True/False

The type of business enterprise with the most entities is the sole proprietorship, followed by the corporation; but the type of business enterprise with the greatest total revenue generation per year is the corporation.

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Definitions:

Labor Market

A marketplace where workers find paying work, employers find willing workers, and wage rates are determined.

Employee Benefits

Non-wage compensation provided to employees in addition to their normal wages or salaries, such as health insurance, pensions, and paid vacations.

Wage Rate

The amount of money paid to an employee per unit of time, usually expressed per hour or per year.

Wage Disparity

The difference in wages earned by different groups of people, often highlighted by gaps across genders, ethnicities, or education levels.