Asked by Jimmiria Porter on Jul 08, 2024

verifed

Verified

Select the type of business that is most likely to obtain large amounts of resources by issuing stock.

A) partnership
B) corporation
C) proprietorship
D) government entity

Issuing Stock

The process by which a company distributes its shares to investors, thereby raising capital in exchange for ownership interests in the company.

Corporation

A legal entity that is separate from its owners and shareholders, which can own assets, incur liabilities, and conduct business.

Government Entity

An organization operated by the government.

  • Differentiate among various business models and their obligatory financial reporting protocols.
verifed

Verified Answer

JT
Jessica TheodorieJul 10, 2024
Final Answer :
B
Explanation :
Corporations are the only type of business that can issue stock, which allows them to raise large amounts of resources from investors. Partnerships and proprietorships are not able to issue stock, and government entities typically rely on taxation and other sources of revenue to fund their operations.