The Most Common Type of Business in the United States

question 24

Multiple Choice

The most common type of business in the United States is the

• A) corporation.
• B) partnership.
• C) sole proprietorship.
• D) hybrid organization such as a limited liability company.

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Definitions:

Primary Sources

Original documents, records, or evidence directly associated with a subject, used in research for first-hand or direct evidence.

Secondary Sources

Materials such as books, articles, and commentaries that analyze, critique, or summarize the law, but are not legally binding.

Legal Research

The method of locating and obtaining information essential for making legal decisions.

Plain-Meaning Rule

A principle of legal interpretation that directs courts to interpret statutes according to the ordinary meaning of the language used, absent a clear indication of an alternative intent.