The Form of Business Organization Responsible for Generating the Greatest

question 185

Multiple Choice

The form of business organization responsible for generating the greatest portion of business revenues in the United States is the

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

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Definitions:

Operating Statement

A financial document that provides a detailed account of a company's operating activities and expenses over a specific period, also known as an income statement or profit and loss statement.

Product Return

The process by which a customer returns a product to the seller for a refund or exchange.

Operating Statement

A financial document that provides a summary of a company's revenues, expenses, and profits over a specific period, often used to assess financial performance.

Selling Expenses

Costs incurred directly from the selling of products or services, including advertising, promotions, and sales personnel salaries.