The corporate form of business
A)was first known and used by the Greeks and then spread through the Romans to England.
B)was not known until the advent of the Industrial Revolution.
C)was first allowed in the State of New York around 1811 and is considered to be an American creation.
D)is a relatively new concept developed shortly after the Great Depression.

Question

Quizplus · Accepted Answer

The corporate form of business has historical roots that trace back to ancient times, starting with the Greeks and then spreading through the Romans to England. This structure allowed for the pooling of resources for large projects, such as sea voyages and infrastructure development, which individual investors or small partnerships would find too risky or expensive to undertake on their own.

The Corporate Form of Business