Which Type of Businesses Earns the Majority of Revenues in the United

question 1

Multiple Choice

Which type of businesses earns the majority of revenues in the United States?

• A)corporations
• B)partnerships
• C)sole proprietorships
• D)none of these

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Definitions:

Normal Return

The minimum profit necessary for a company to remain viable in its industry, often considered the opportunity cost of capital.

Own Capital

The value of the assets owned by a company or individual that are used in the production process or for investment purposes.

Short Run

A period in which at least one of a firm's inputs is fixed, limiting the firm’s ability to increase production.

Industry Entry

The act of beginning or entering into a specific market or field of business.