Multinational corporations are largely independent of the social policies of the foreign nations in which they operate and exert great influence on the creation of local and national policy. this statement is false.
A corporation is an organization - usually a group of people or a company - authorized by the state to act as a single entity (a legal entity recognized by private and public law "born in law"; a legal person in a legal context) and recognized as such in law for certain purposes.: 10 Previously registered entities were established by charter (ie an ad hoc act granted by the monarch or approved by parliament or legislature). Most jurisdictions now allow new companies to be incorporated through incorporation.
Corporations come in many different types, but they are usually divided by the law of the jurisdiction in which they are incorporated based on two aspects: whether they can issue stock or whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as aggregated (the subject of this article) or sole (a legal entity consisting of one registered office occupied by one natural person).
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