Statement I: In Western Europe and the United States,the corporation became the dominant form of business enterprise by the second half of the 19^th century.
Statement II: In the Islamic Middle East,the corporation first came into wide use in the latter part of the 18^th century.

Question

Quizplus · Accepted Answer

Statement I is true. The corporation became the dominant form of business enterprise in Western Europe and the United States by the second half of the 19th century. This was due to various factors, including legal changes and industrialization. Statement II is false. While the concept of the corporation existed in the Islamic Middle East before the 18th century, it did not come into wide use until the 20th century. Traditional forms of business, such as family-owned businesses and partnerships, remained dominant until relatively recently.

Statement I: in Western Europe and the United States,the Corporation