The Most Common Form of Business Organization in the United

question 84

True/False

The most common form of business organization in the United States is the sole proprietorship.

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Definitions:

Circumstances

The specific conditions or factors affecting a situation, event, or decision.

Court Order

An official directive issued by a court that requires a person or entity to do or refrain from doing something.

Frustration of Contract

A legal doctrine that permits the termination of a contract when an unforeseen event renders contractual obligations impossible, or radically changes the party's principal purpose for entering into the contract.

Complications

Problems or difficulties that arise which make a situation harder to deal with or resolve.