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

Quizplus · Accepted Answer

Sole proprietorship is the most common form of business organization in the United States, accounting for around 73% of all businesses. This is because it is relatively easy and inexpensive to set up and maintain.

Which of the Following Is True About Sole Proprietorship in the United