Question

question # 9
multiple choice
the legal form of business ownership that issues shares of stock is called a

○ sole proprietorship
○ limited liability company
○ corporation
○ partnership

Explanation:

A corporation is a legal entity that can issue shares of stock to raise capital. Sole - proprietorships are owned by one person and do not issue stock. Limited liability companies are a different legal structure that doesn't typically issue stock in the same way as a corporation. Partnerships are owned by two or more people and also do not issue stock like a corporation.

Answer:

C. corporation