Examlex
Which of the following is an example of cyclic change?
Corporation
A legal entity that is separate from its owners, offering limited liability to its shareholders, and able to own property, enter contracts, and sue or be sued.
Partnership
A legal arrangement where two or more individuals share ownership of a business, including its liabilities and profits.
Cooperative
An association, which may or may not be incorporated, that is organized to provide an economic service to its members. Unincorporated cooperatives are often treated like partnerships for tax and other legal purposes.
Joint Venturer
An individual or entity that collaborates with another party in a joint venture, sharing in the risks and rewards of the business endeavor.
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