In order of their frequency,what are the three basic forms of business organization?
A) proprietorships, corporations, partnerships
B) corporations, proprietorships, partnerships
C) partnerships, proprietorships, corporations
D) proprietorships, partnerships, corporations
E) corporations, partnerships, proprietorships

Question

Quizplus · Accepted Answer

Proprietorships are the most common form of business organization due to their simplicity and ease of setup, followed by corporations which offer benefits like limited liability, and partnerships rank third, combining features of the first two but with more complexity in management and legal structure.

In Order of Their Frequency,what Are the Three Basic Forms