Question

Which term identifies a type of business that can have many owners?

Answer 1

The term that identifies a type of business having many owners is: C. corporation.

What is a Corporation?

• 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: C. corporation.

Learn more about corporation on:

brainly.com/question/2514694