6
QuizMultiple Choice

Business Structures

Question 6 • IL-Economics

The most common business organizations in the United States are

Answer
p
partnerships.
s
sole proprietorships.
c
corporations.
f
franchises.

Explanation

Sole proprietorships are the most common type of business organization in the United States, largely because they are simple and inexpensive to start. Corporations may be larger and more prominent, but they are less common by number of businesses.

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