Answered

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Question # 11
Multiple Choice
The legal form of business ownership that is also known as a separate entity is called a
O partnership
corporation
sole proprietorship
limited liability company

Sagot :

GinnyAnswer

Final answer:

A corporation is a separate legal entity in business ownership, providing limited liability to shareholders.


Explanation:

Corporation is the legal form of business ownership that is known as a separate entity. In a corporation, the business is considered a distinct legal entity from its owners, providing limited liability to the shareholders.

Shareholders in a corporation are the owners who invest in the company and benefit from limited personal liability. This means their personal assets are protected from the company's debts and liabilities.

Dividends are payments made to shareholders from the company's profits. Corporations offer advantages like limited liability and the ability to raise capital through the sale of stocks.


Learn more about Forms of Business Ownership here:

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Corporationwould be your answer
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