Multiple Choice QuestionAs a legal entity, _______ have many of the rights, duties, and powers of a person, such as the right to receive, own, and transfer property.Multiple choice question.multi-nationalscooperativesjoint venturescorporations
Question
Multiple Choice QuestionAs a legal entity, _______ have many of the rights, duties, and powers of a person, such as the right to receive, own, and transfer property.Multiple choice question.multi-nationalscooperativesjoint venturescorporations
Solution
The correct answer is "corporations". Corporations are legal entities that are separate from their owners. They have many of the rights, duties, and powers of a person, such as the right to receive, own, and transfer property.
Similar Questions
Multiple Choice QuestionA state-chartered legal entity with authority to act and have liability separate from its owners is a ______.Multiple choice question.general partnershipstakeholdercorporationsole proprietorship
Multiple Choice QuestionBefore the owners of a corporation can establish the company's bylaws and elect a board of directors, they must receive a Blank______ from the state in which they are doing business.Multiple choice question.partnershipcorporate charterinitial public offeringdividend
Multiple Choice Question______ is/are principles and standards that determine acceptable conduct in business.Multiple choice question.Personal ethicsCorporate citizenshipEthical issuesBusiness ethics
Multiple Choice QuestionA legal form of business with two or more owners is a(n) ______.Multiple choice question.estatesole proprietorshippartnershipmultiple proprietorship
Multiple Choice QuestionA partnership established for a specific project or for a limited time is called a ______.Multiple choice question.limited liability companyjoint venturecooperativegeneral partnership
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.