Which term identifies a type of business that can have many owners?
1 answer:
The term that identifies a type of business having many owners is:<em> C. </em><em>corporation</em>.
<h3>What is a Corporation?</h3>
- A corporation can be defined as a legal entity that is separate and distinct from its owners.
- A corporation is created when several group of share holders become incorporated and share ownership of the corporation.
- Examples of businesses that have many owners (corporation) include Coca Cola Corp., Toyota Motor Corp., and Microsoft Corp.
Therefore, the term that identifies a type of business having many owners is:<em> C. </em><em>corporation</em>.
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