QUESTION IMAGE
Question
arrange the forms of business in order from most to least owners. partnership, sole proprietorship, corporation corporation, partnership, sole proprietorship sole proprietorship, partnership, corporation
Brief Explanations
To determine the order from most to least owners:
- A corporation can have numerous shareholders (owners), as it's a legal entity owned by stockholders, and the number of owners can be very large (thousands or more in public corporations).
- A partnership is owned by two or more partners (so more than a sole proprietorship but fewer than a typical corporation).
- A sole proprietorship is owned by a single individual (so the least number of owners).
So the correct order from most to least owners is corporation, partnership, sole proprietorship.
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B. corporation, partnership, sole proprietorship