The Most Common Form of Business Organization in the United

question 349

Multiple Choice

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

• A) proprietorship.
• B) partnership.
• C) corporation.
• D) cooperative.

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Definitions:

Spending Variance

The difference between the actual amount of money spent and the budgeted amount in a given period.

Occupancy Costs

Expenses related to occupying a space, including rent, utilities, and other facility-related costs.

Spending Variance

The difference between the actual spending and the budgeted or planned spending in a given period.

Revenue Variance

The difference between the actual revenue earned and the expected revenue according to budget.