Which of the following contributed to the more relaxed incorporation procedures of modern times?
a. The idea that incorporation is a by-product of the people's right to associate, not a gift from the state.
b. The move from mercantilist thinking to a belief in Benjamin Franklin's invisible hand.
c. The idea that incorporation is a gift from the state.
d. The thought that laissez-faire is a losing proposition
Question 2The first corporations
a. were towns, universities, and ecclesiastic orders.
b. emerged in the 19th century.
c. were government owned.
d. were profit-making associations
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