What is called that legal process through which a company receives a charter and state in which it is based allows it to operate as corporation ?
Correct answer: D. Incorporation
- A. Going legal
- B. Book corporation
- C. Chartered corporation
- D. Incorporation
Explanation
Incorporation is the legal process by which a company is formed as a corporation under state law and receives its charter. A chartered corporation is the resulting legal entity, not the process itself.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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