WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
SECOND INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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New methods of organizing business.
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Created an industrial middle class.
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Partnerships and corporations became more frequent.
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Society decided to own their mass production.
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None of the above
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Explanation:
Detailed explanation-1: -The sole proprietorship is the most common form of business organization.
Detailed explanation-2: -A limited liability company (LLC) can, when drafted and run properly, combine some of the best elements of partnerships and corporations. An LLC provides the owners with limited liability and income advantages of a partnership.
Detailed explanation-3: -General partnerships: General partnerships are the most common type of business partnership. In a general partnership, two or more parties use a partnership agreement to determine how to share the business’s day-to-day operations, profits, and losses.
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