During the late 19th century, business owners experimented with new forms of business organization based on a new legal entity because they wanted large amounts of capital for their expanding organizations (such as the railroads). What was this new legal entity? A. proprietorship B. public corporation C. monopoly D. trust

Question

History

Madalynn Fuentes

11 August, 07:32

During the late 19th century, business owners experimented with new forms of business organization based on a new legal entity because they wanted large amounts of capital for their expanding organizations (such as the railroads). What was this new legal entity? A. proprietorship B. public corporation C. monopoly D. trust

+2

Answers (2)

Know the Answer?

Reid Benjamin · Answer 1

I think the awnser is D

Marquis Greene · Answer 2

B) Public Corporation was the perfect manner for business owners to acquire the large amounts of capital they needed to expand their organizations; this was done through the sale of part of their stock or shares.