Complete the following using the terms listed.
-The form of business ownership that establishes the firm as a separate legal entity is the _____.
A)small business
B)corporation
C)merger
D)acquisition
E)horizontal merger
F)conglomerate merger
G)Cooperative
H)vertical merger
I)business incubators
J)business plan
K)alien corporation
L)preferred stock
M)Franchising

Question

Quizplus · Accepted Answer

A corporation establishes the firm as a separate legal entity from its owners, providing limited liability protection for the owners and enabling the corporation to enter into contracts, own assets, and incur debts in its own name.

Complete the Following Using the Terms Listed