Answered

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Question # 3
Multiple Choice
The legal form of business ownership that is owned by many people is called a
corporation
partnership
limited liability company
sole proprietorship
O

Sagot :

GinnyAnswer

Final answer:

A corporation is a form of business ownership owned by many people where shareholders have limited liability and receive dividends from profits.


Explanation:

Forms of Business Organizations

The corporation is the legal form of business ownership that is owned by many people. In a corporation, shareholders invest and own the company, with limited liability for losses. Corporations exist separately from their owners, allowing them to produce and trade independently.

Shareholders play a key role in corporations as they invest in the company and receive dividends from profits. Capital gains or losses can also occur when shareholders buy and sell shares at different prices.


Learn more about Forms of Business Organizations here:

https://brainly.com/question/37320726


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