Final answer:
Sole proprietorships are the most prevalent form of business organization, due to their ease of setup and direct control. Partnerships are common in professional fields, and corporations are structured entities that offer limited liability. Option b is correct.
Step-by-step explanation:
The most common form of business organization is a sole proprietorship. These types of businesses are owned and operated by a single individual and are prevalent due to their simplicity in setup and management. On the other hand, partnerships are common among professionals like doctors and lawyers, where shared responsibilities and resources are beneficial. Lastly, a corporation is a formal legal entity that can sell shares to raise capital and is distinct from its owners, limiting their liability.
In terms of numbers, the most prevalent business enterprise is sole proprietorships. A sole proprietorship is a business owned and operated by one person. It is the most numerous and easy to start. The owner assumes all of the risk and keeps all of the profits.