Large-scale organizations that have their own legal powers as an organization separate from the individual owners, such as the ability to enter into contracts and buy and sell property, are termed_______________ .

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Corporations are large-scale organizations that have legal powers as a separate entity from their owners. They are granted the ability to enter into contracts and buy and sell property, among other legal powers. Economic concentrations, conglomerates, and interlocking directorates refer to different types of organizational structures and relationships, but do not necessarily imply the same legal powers as corporations.

Large-Scale Organizations That Have Their Own Legal Powers as an Organization