Which Form of Business Organization Is the Most Common in the United

question 50

Multiple Choice

Which form of business organization is the most common in the United States?

• A)sole proprietorship
• B)partnership
• C)corporation
• D)nonprofit organization
• E)S-corporation

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Definitions:

Annual Rate

The interest rate for a period of one year, often used to compare the yield on investments or the cost of loans.

Future Value

The value of an asset or amount of money at a specified future date, taking into account variables such as interest rates or returns on investment.

Interest

The fee associated with the opportunity to borrow capital, often specified in terms of an annual percentage rate.

Future Value

The predicted amount of money that a current investment will grow to at a certain future date, based on an assumed rate of growth or interest rate.