Q. Select the reasons, historically speaking, why the modern corporation was establishedas a legal entity: (Solved)
1. Social benefits flow from corporate institutions.
2. Corporations provide an efficient means for raising large amounts of capital needed to produce and distribute socially desired goods and services.
3. Corporations distribute risks widely over large populations, minimizing the risk to any one individual.
4. All of the above.
- d. All of the above.