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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Explain the difference between an open corporation and a closed corporation.

Summary Introduction

To determine: The difference between a open corporation and closed corporation.

Introduction: A corporation is an authoritative type of business that is separate from its proprietors. It is a business that is a different legitimate element from its investors.

Explanation

The difference between a open corporation and closed corporation are as follows:

  • An open corporation is an enterprise whose stock is purchased and sold on ...

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