14. authorization to start a business issued by the local government is called a/an- ipo liability royalty…

14. authorization to start a business issued by the local government is called a/an- ipo liability royalty business license clear all
Answer
Brief Explanations:
An IPO is the first - sale of stock to the public. Liability is an obligation. Royalty is a payment for using an asset. A business license is authorization from local government to start a business.
Answer:
D. business license