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Author Question: The locals residing near a small chemical factory file a complaint against it for polluting the ... (Read 103 times)

vicotolentino

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on: Jul 14, 2018
The locals residing near a small chemical factory file a complaint against it for polluting the environment. The owner of the factory learns that if he loses the case, his personal possessions might also be confiscated. Which of the following types of ownership is the factory functioning under?
 A) Limited liability company
  B) Corporation
  C) Partnership
  D) Sole proprietorship

Question 2

Define growth from within in regard to a corporation. Is it generally a suggested path for corporations?


sokh

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Reply #1 on: Jul 14, 2018
Answer to Question 1

D

Answer to Question 2

Many corporations grow by expanding their present operations either through introducing and selling new, but related, products. Other corporations choose to expand their geographic reach and introduce their products and/or services to new locations. Internal growth, when planned and organized, is generally an effective method to expand a corporation and may have little adverse effect on the business.


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