Which of the following forms of business entities generates \( 90 \% \) of business revenues in the United states: a. Proprietorships :. b. Partnerships c. Manufacturing companies d. Corporations
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Bonus Knowledge
Did you know that corporations, despite often being a smaller percentage of total businesses, generate a whopping \( 90\% \) of business revenues in the United States? This is largely due to their ability to scale operations, attract investment, and access wider markets. Think of big names like Apple and Amazon, which are structured as corporations and dominate the economic landscape! On the flip side, while sole proprietorships and partnerships are more common, they typically handle far less revenue. This is a classic case of “more is not always merrier”—small businesses are vital for innovation and employment but may lack the infrastructure to rake in the big bucks compared to their corporate counterparts.