BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A form of business organization that is authorized to act as a legal entity regardless of the number of owners.
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partnership
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proprietorship
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distributor
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corporation
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Explanation:
Detailed explanation-1: -“Thus, a company is an artificial legal person having an independent legal entity. Merits of Company Organisation: The company form of business ownership has become very popular in modern business on account of its several advantages: 1.
Detailed explanation-2: -A corporation, sometimes called a C corp, is a legal entity that’s separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable.
Detailed explanation-3: -Corporations. A corporation is considered by law to be a unique entity, separate from those who own it. A corporation can be taxed, sued and enter into contractual agreements. The corporation has a life of its own and does not dissolve when ownership changes.
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