Which of the Following Is Correct About the History of Corporations

question 16

Multiple Choice

Which of the following is correct about the history of corporations?

• A) In the late 18^th century,general incorporation statutes emerged in the United States.
• B) From the 18^th century onward,France started giving privileges of incorporation to mercantile ventures.
• C) Early American corporations received special privileges from state legislatures.
• D) In England,the corporate form was used extensively after the 16^th century.

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Definitions:

U.S. Dollars

The official currency of the United States, symbolized as $ and also known as USD.

Department Stores

Large retail establishments offering a wide range of products across multiple departments.

Ad Valorem Duty

A tax charged as a percent of the value of the item.

Foreign Manufacturer

A company that produces goods in a country other than where the goods are sold or consumed.