ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Industrial Organization
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Corporation
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Partnership
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Proprietorship
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Detailed explanation-1: -Corporations are owned by shareholders who invest money in the business by buying shares of stock .
Detailed explanation-2: -A corporate charter is a document filed with the Secretary of State or registrar to establish a company as a corporation. The corporate charter must detail the governance, structure, objectives, operations, as well as other major details of the company.
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.
Detailed explanation-4: -A shareholder is someone who owns shares in a corporation. Generally, corporations are owned by several shareholders. For example, Google is a publicly traded corporation with almost half a million shareholders.