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) none of these

Question

Quizplus · Accepted Answer

Corporations are the only type of business that can issue stock. This allows them to raise large amounts of resources by selling shares to investors. Partnerships and proprietorships do not have the ability to issue stock as they are not considered distinct legal entities separate from their owners.

Select the Type of Business That Is Most Likely to Obtain