Asked by Gavin VandenTop on May 12, 2024
Verified
The large European trading organizations
A) were all proprietorships.
B) were the forerunners of the modern corporation.
C) had limited liability.
European Trading Organizations
Consortia or groups in Europe that facilitate trade, such as the European Free Trade Association, aiming to promote economic cooperation and reduce trade barriers.
Modern Corporation
Contemporary business entities characterized by limited liability for its owners, perpetual succession, and centralized management, often operating on a large scale.
Limited Liability
A legal structure that protects owners' personal assets from business debts and liabilities.
- Examine the function and development of corporations within the worldwide economic framework, notably throughout the period of the Great Recession.
Verified Answer
Learning Objectives
- Examine the function and development of corporations within the worldwide economic framework, notably throughout the period of the Great Recession.
Related questions
Which of the Following Events Was Largely Responsible for the ...
Statement I: While the Corporation Is the Dominant Form of ...
During the Great Recession,when Did the Capacity Utilization Rate Reach ...
Statement I: in Western Europe and the United States,the Corporation ...
Which of the Following Is Correct About the History of ...