Examlex
Which of the following was not an obstacle in China embarking on a Western path to industrialization?
Incorporation
The process of legally declaring a corporate entity as separate from its owners, providing it with legal rights and obligations.
Nonprofit Corporation
A corporation that operates for educational, charitable, social, religious, civic, or humanitarian purposes rather than to earn a profit.
Earn Profits
The act of making money in excess of the costs incurred in producing or selling goods or services.
Bylaws
Rules and regulations that govern a corporation’s internal management.
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