Corporation for Dummies
noun
pronunciation: ,kɔrpə'reɪʃənWhat does Corporation really mean?
Hey there! So, you're curious about the word "corporation," huh? Well, don't worry, I'm here to help you understand it in the easiest way possible! Now, imagine a corporation like a big team or a group of people who work together towards a common goal. It's kind of like when you and your friends work together on a project or play on a sports team! Instead of friends, though, a corporation is made up of people called "shareholders" who invest money into the company.
Now, the word "corporation" can have a couple of different meanings, so let's dive into those, shall we? The first meaning refers to a legally recognized organization that has its own rights and responsibilities. You know how you have your own rights and responsibilities as a student? Well, think of a corporation like a big entity that also has its own rights and responsibilities, just like you!
Another meaning of "corporation" is a business entity that is owned and operated by a group of people. These people, as I mentioned earlier, are the shareholders. It's like they're all part owners of the corporation, just like how you and your friends might all contribute to a project or a club.
So, let's sum it all up in a nutshell! A corporation is a big group of people, called shareholders, who work together like a team towards a common goal. It's a legally recognized organization with its own rights and responsibilities. And just like you and your friends bring different skills and ideas to a project, the shareholders in a corporation each bring something unique to help the corporation succeed!
I hope this explanation helps clarify what "corporation" means! If you have any other questions or need more examples, just let me know! I'm here to help you understand.
Keep up the great work!
Revised and Fact checked by Michael Miller on 2023-10-28 08:19:31
Corporation In a sentece
Learn how to use Corporation inside a sentece
- A corporation is like a big group of people working together to make and sell things. For example, imagine a company that makes and sells computers. That company is a corporation!
- When you go to a store and buy something, the store is usually part of a bigger corporation. So, if you buy a toy from a toy store, that toy store is part of a corporation.
- Do you know your favorite fast food restaurant? Well, that restaurant is just one branch of a large corporation that owns many other restaurants like it.
- Some corporations have their own unique names, like Coca-Cola or Apple. These companies make and sell their own products, and they are called corporations because they have a lot of people working for them.
- Have you ever seen a big fancy building with the name of a company on it? That building belongs to a corporation, and inside the building, many employees work together to achieve the company's goals.
Corporation Synonyms
Words that can be interchanged for the original word in the same context.
Corporation Hypernyms
Words that are more generic than the original word.
Corporation Hyponyms
Words that are more specific than the original word.
Corporation Has Categories
Categories of the original word.
Corporation Usage Of
Words that the original word is a domain usage of.