INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What type of business is owned by many people called stockholders and are treated by law as one person?
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Sole Proprietorship
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Partnership
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Franchise
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Corporation
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Explanation:
Detailed explanation-1: -A business organized as a separate legal entity owned by stockholders is a corporation.
Detailed explanation-2: -Answer and Explanation: Businesses owned by several investors are called corporations. A board of directors provides oversight of the corporation and the Investors own the number of shares they buy in the company.
Detailed explanation-3: -A stockholder is also known as a shareholder of a company or an individual that owns at least one share of an organisation’s capital stock. Stockholders are mostly the owner of the company and generally acquire the company’s accomplishment in the form of increased stock valuation.
There is 1 question to complete.