Question

Which of he following groups of people is an example of a corporation?

Answer 1

Answer:

A group of people that own a form of business and run the affairs of the business together is known as corporation. An example is a set of pepper sellers in a market

Explanation:

Corporation is a set of organization made up of different set of people who own a business or company who will get their authorization from the government through the state act to come together as a single entity after meeting up all legal requirements.

Moreover, it must be stated that the main aim of this pepper sellers coming together to form a corporation is the profit motive.