Select the type of business that is most likely to obtain large amounts of resources by issuing stock.
A) partnership
B) corporation
C) proprietorship
D) government entity

Question

Quizplus · Accepted Answer

A corporation is the only business type that can issue stocks to raise capital. This is because corporations have legal personality, which means they are separate from their owners, and can issue shares to investors in exchange for capital. Proprietorships and partnerships are not separate legal entities and cannot issue shares, while government entities typically rely on taxes and other forms of revenue rather than stock issuance.

Select the Type of Business That Is Most Likely to Obtain