For a Business to Be Considered a Corporation,it Must

question 13

Multiple Choice

For a business to be considered a corporation,it must:

• A)be owned by an extremely large number of people.
• B)be organized as a separate legal entity.
• C)sell publicly traded shares.
• D)all of the answers are acceptable.

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Definitions:

Modernization Theory

A theory in sociology that argues that societies progress linearly from traditional to modern states, emphasizing the role of technology, economic development, and rational social institutions.

Economic Underdevelopment

A condition characterized by low industrialization, poor infrastructure, and a low standard of living within a country or region.

Western Attributes

Characteristics or qualities that are typically associated with Western societies, such as individualism, democracy, consumerism, and technological advancement.

Independence

The state of being free from external control or influence, self-governance, or autonomy.