_____ probably account for most farms and small manufacturing and service firms in the first stage of development.

Question

Quizplus · Accepted Answer

Sole proprietorships are the most common form of business ownership in the first stage of development. They are owned and operated by a single individual and are relatively easy and inexpensive to start up. Additionally, they allow for the owner to have complete control and decision-making power over the business. This makes them a popular choice for small-scale businesses and farms. Partnerships and corporations may be more common in later stages of development as the business grows and requires additional resources and investment. Limited liability companies are a less common form of ownership, but may also be utilized in the first stage of development depending on the specific needs and goals of the business owner.

_____ Probably Account for Most Farms and Small Manufacturing and Service