An artificial entity created by the state and existing apart from its owners is known as a(n):
A) partnership.
B) proprietorship.
C) corporation.
D) association.
E) trade alliance.

Question

Quizplus · Accepted Answer

Only corporations fit the description of being an artificial entity created by the state and existing apart from its owners. Proprietorships and partnerships are owned by individuals and do not have separate legal existence, while associations and trade alliances are not recognized legal entities.

An Artificial Entity Created by the State and Existing Apart