Most profit-oriented business are organized as:A.corporations.B.partnerships.C.sole proprietorships.D.government corporations.E.non-profit institutions.
Question
Most profit-oriented business are organized as:A.corporations.B.partnerships.C.sole proprietorships.D.government corporations.E.non-profit institutions.
Solution
Most profit-oriented businesses are organized as:
A. Corporations
This is because corporations, unlike other forms of business organization, are separate legal entities from their owners. This means that they can own property, enter into contracts, sue and be sued, and have a perpetual existence. They also have the ability to raise large amounts of capital by issuing shares of stock. This makes them an attractive option for businesses that are focused on maximizing profit.
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