Answer: D. A business that is recognized by a state and is given certain rights
Explanation:
A corporation is known to be a legal organization established by law to operate and function separately from its owners known as the shareholders. The corporation is responsible for the day today running activities of the business, debt and losses rather than the shareholders and has certain rights like a person. Furthermore, the corporation can purchase and keep properties of their own, go into agreement, employ staffs to work in the corporation and so on. Thus, the profits are shared by the owners of the corporation.