Question

question # 3
multiple choice
the legal form of business ownership that is owned by many people is called a _.
corporation
partnership
limited liability company
sole proprietorship

Explanation:

A corporation is a legal entity owned by many shareholders. A partnership is owned by a few partners, a limited - liability company has a more flexible ownership structure but is not typically owned by a large number of people like a corporation, and a sole proprietorship is owned by one person.

Answer:

A. corporation