Question
Review the pie graphs on Page 120. The graph on the left shows that of all the businesses in the United States only 20% are
Review the pie graphs on Page 120.
The graph on the left shows that of all the businesses in the United States only 20% are corporations.
The graph on the right shows that corporations generate 81% of the business revenue in the United States.
In ONE WORD, can you tell why 20% of the businesses are able to generate 81% of the business revenue? After your one word answer, please elaborate on what is it about the corporate form of business organization that causes this to happen?
Answer in the Text Box and submit.
Percentage of Total Receipts Sole proprietorships Partnerships 13% 6% Percentage of Businesses : Corporations 20% Partnerships 0% Sole proprietorships 72% Corporations 81%Step by Step Solution
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Auditing And Assurance Services
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
16th Global Edition
1292147989, 978-1292147987
