Which of the following is true about sole proprietorship in the United States?
a. It is the most common form of business organization.
b. It is responsible for a large portion of total production of goods and services.
c. It offers the owner the least personal liability of any form of business organization.
d. There is no opportunity cost to operating the business.
e. Only one individual can work in such a firm.
Question 2
Which form of business organization is the most common in the United States?
a. sole proprietorship
b. partnership
c. corporation
d. nonprofit organization
e. S-corporation
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