The form of business organisation that accounts for just over 80 percent of western sales revenues is the
A) sole trader
B) partnership.
C) corporation.
D) joint venture.
E) syndicate.

Question

Quizplus · Accepted Answer

The corporation accounts for just over 80 percent of Western sales revenues. This is because corporations are often larger and more complex than sole traders or partnerships, and they can raise capital through the sale of stocks and bonds. They also offer limited liability to their owners, which is attractive to investors. Joint ventures and syndicates are less common forms of business organization.

The Form of Business Organisation That Accounts for Just Over