The type of business enterprise with the most entities is the sole proprietorship, followed by the corporation; but the type of business enterprise with the greatest total revenue generation per year is the corporation.

Question

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Sole proprietorships are the most common form of business entity due to their simplicity and ease of setup, but corporations, due to their size, structure, and ability to raise capital, typically generate the most revenue annually.

The Type of Business Enterprise with the Most Entities Is