Question

In: Operations Management

The corporate form of business a. was first known and used by the Greeks and then...

The corporate form of business

a.

was first known and used by the Greeks and then spread through the Romans to England.
b.

was not known until the advent of the Industrial Revolution.
c.

was first allowed in the State of New York around 1811 and is considered to be an American creation.
d.

is a relatively new concept developed shortly after the Great Depression.

Solutions

Expert Solution

1. was not known until the advent of the Industrial Revolution

The corporate form of business was not known until the advent of the Industrial Revolution. This is because the first corporate form of business was developed around the industrial revolution only and then the advent of capitalistic economy began which led to full fledged development of corporations getting established during that phase.

keosha answered 2 years ago
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