Answered

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Which of the following words describes when a person has exclusive business rights
and titles?
Company
Corporation
Proprietorship

Sagot :

GinnyAnswer

Final answer:

A corporation is an organization with a legal identity separate from its owners and shareholders have limited liability compared to sole proprietorship or partnership.


Explanation:

Corporation is the term used to describe an organization with a legal identity separate from its owners that produces and trades. In a corporation, shareholders invest in the company and have limited liability personally. They are the owners of the corporation.

Unlike sole proprietorship or partnership, a corporation can issue stock to raise capital and has the ability to have publicly traded shares.


Learn more about Types of Business Entities here:

https://brainly.com/question/30156415


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