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20 December, 01:15

The Scott Company decided to sell stock to raise capital. Under what form of business organization does the company operate?

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  1. 20 December, 01:20
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    The answer is Corporation. Corporations is a legal entity of a group of investors/shareholders as governed by the Securities and Exchange Commission. In the event of shortage of capital, the shareholders votes and agrees to sell some stocks in order to gain more capital.
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