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Form of business owned by many people and has its own identity?

A form of business owned by many people that has its own identity is a corporation. In a corporation, shareholders own the company through shares of stock, and it operates as a separate legal entity from its owners. This structure provides limited liability protection to shareholders, meaning they are not personally responsible for the corporation's debts. Corporations can raise capital more easily by issuing shares and often have a more formal management and governance structure.


What is a business owned by a number of people who bought shares in the business?

A corporation.


Who is responsible for a corporation debt?

the corporation


Who is responsible for a corporation?

The corporation is responsible for the corporation's debt. Normally, there is a financial officer who pays the bills. If the corporation fails and goes bankrupt, people simply do not get paid. If the company is bankrupt and there is money, a judge appoints someone to pay according to a plan.


Who runs a corporation?

Ultimately, a corporation is run by a board of directors. This group of people are usually experienced business people, and may or may not have a large vested interested in the corporation.


What is a business owned by two or more people called?

a corporation


Why is management important to business management?

so people are told what to do


What group of people is an example of a corporation?

A group of people who own a business selling pepper.


What groups of people is an example of a corporation?

A group of people who own a business selling pepper.


What do you learn in business management?

Business management classes are courses that people take in business or while they are getting their business degree. The purpose of these classes is to give people the skills and knowledge on how to handle various business situations.


What is the definition of administrative support?

The definition of general administrative and support services are people that are involved in the day to day running's of a corporation or business. These people include general management, personnel administration, clerical employees, and even cleaning employees.


Which of the following groups of people is an example of a corporation ?

A group of people who own a business selling pepper