_____ are legal and contractual mechanism[s] for creating and operating a business for profit, using capital from investors that will be managed on their behalf by directors and officers.
A)Sole proprietorships
B)Partnerships
C)Joint-ventures
D)Corporations

Question

Quizplus · Accepted Answer

Corporations are the only type of entity listed that meet all the criteria stated in the question, including the use of capital from investors and the management of the business by directors and officers. Sole proprietorships, partnerships, and joint ventures may use personal funds or funds from a small group of investors, and are not typically managed by a separate board of directors.

_____ Are Legal and Contractual Mechanism[s] for Creating and Operating