Jim Delaney sold his pizza firm to an investor who then sold stock to the public. Jim now earns a salary of $5,000 a month and all the profits are distributed to the stockholders. This firm is an example of a

Question

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The firm is an example of a corporation because it has been sold to an investor who then sold stock to the public, and profits are distributed to stockholders. This structure aligns with the definition of a corporation, which is a legal entity separate from its owners, capable of issuing stock.

Jim Delaney Sold His Pizza Firm to an Investor Who