In the United States, approximately 72 percent of all businesses are
A) corporations.
B) partnerships.
C) sole proprietorships.
D) joint ventures.
E) franchises.

Question

Quizplus · Accepted Answer

According to data from the U.S. Small Business Administration, approximately 72 percent of all businesses in the U.S. are sole proprietorships, which are businesses owned and operated by a single person. This is followed by partnerships (7%), corporations (6%), and other types of businesses such as franchises and cooperatives. Joint ventures are not as common as these other types of businesses.

In the United States, Approximately 72 Percent of All Businesses