M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell

Exercise 25

About three-quarters of all businesses in the United States are sole proprietorships, and they earn somewhere around 10 percent of total business income. We may conclude that

A. the average corporation is small, but earns little income.

B. the average corporation hires many people, but makes little income.

C. the average sole proprietorship is large, but earns little income.

D. there are many sole proprietorships, but their average income is small.

E. there are few sole proprietorships, and their average income is small.