The correct answer is C. Because they have a legal identity separate from those of their owners
Explanation:
In finance and economics, a corporation refers to an organization of individuals, groups of people or even companies that are recognized as one by law. Due to this, corporations are commonly considered "entities" considering each company has a unique identity that is separated from one of the owners or companies that composed it; also, despite the multiple owners, corporations act as one and are regarded by law in this way. According to this, corporations are defined as entities "because they have a legal identity separate from those of their owners".
