Answer: (B) was first known and used by the Greeks and then spread through the Romans to England.
Explanation:
A corporate business is a type of business that operates as a legal entity, but run by board of directors.
A legal entity in this context mean the business can legally sue and be sued, incur debts, pay debts, enter into agreement or contracts.
A corporate business is viewed as an individual with legal rights except for some few limitations.
Few advantages of a corporate business includes:
• Raising money: money can be raised through issuing of stocks, selling shares, in order to allow expansion.
• Transfer of ownership: the business can be sold or passed to another under proper documentation.
•It is a life business: meaning the business can outlive their original founders.
The first American corporate business started in the 1970s
