The term that identifies a type of business having many owners is: C. corporation.
What is a Corporation?
- A corporation can be defined as a legal entity that is separate and distinct from its owners.
- A corporation is created when several group of share holders become incorporated and share ownership of the corporation.
- Examples of businesses that have many owners (corporation) include Coca Cola Corp., Toyota Motor Corp., and Microsoft Corp.
Therefore, the term that identifies a type of business having many owners is: C. corporation.
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