According to Crane et al, which of the following is NOT an alternative form of ownership of corporations?
incorrect

Question

Quizplus · Accepted Answer

According to Crane et al., the option that is NOT an alternative form of ownership of corporations is:
d. Limited Liability Corporations (LLCs)
Limited Liability Corporations, or more commonly Limited Liability Companies, are not considered an alternative form of ownership; rather, they are a mainstream form of private sector business ownership. LLCs are a popular choice for businesses because they offer the liability protection of a corporation with the tax benefits of a partnership or sole proprietorship.
The other options listed are considered alternative forms of ownership:
a. State-owned firms are owned and operated by the government.
b. Co-operatives are owned and operated by their members for their mutual benefit.
c. Social purpose corporations are designed to allow for-profit entities to pursue both economic and social objectives.

According to Crane Et Al, Which of the Following Is