What Is the Most Common Form of Business Organization

question 117

Multiple Choice

What is the most common form of business organization?

• A) a general partnership
• B) a cooperative
• C) a sole proprietorship
• D) a corporation

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Definitions:

Computer

An electronic device capable of processing and storing data, executing programs, and providing output in various forms.

UCC

Refers to the Uniform Commercial Code, a set of laws regulating sales and commercial transactions in the United States.

Restatement

A rephrased or recodified version of legal principles or doctrines aimed at clarifying and simplifying the law.

Omitted Terms

Provisions or clauses not included or specified in a legal document or contract, which can sometimes be interpreted or filled in based on customary practice or judicial discretion.