The is the most common form of business ownership.
A)partnership
B)sole proprietorship
C)corporation
D)joint venture

Question

Quizplus · Accepted Answer

Sole proprietorship is the most common form of business ownership, representing over 70% of small businesses in the United States. It is a simple and flexible structure where the business is owned and operated by one individual who assumes all risks and responsibilities. Partnerships and corporations are also common forms of ownership, but they are more complex and require greater legal and financial formalities. Joint ventures are typically temporary partnerships established for a specific project or venture.

The Is the Most Common Form of Business Ownership