In business terminology what do we call a group of people that has been granted exclusive business rights and legal titles by law?

Introduction / Context:
Modern business law recognises different forms of business organisation such as sole proprietorships, partnerships, companies and corporations. Many competitive exams test whether you can distinguish between these forms based on key legal features like limited liability, separate legal personality and exclusive rights granted by the state.

Given Data / Assumptions:

- The question refers to a group that has exclusive business rights and legal titles. - The group is recognised by law, suggesting a legally created entity. - The options list common business related terms, one of which matches the legal idea exactly.

Concept / Approach:
A corporation is a legal entity created under law that has many of the rights and responsibilities of a person. It can own property, enter into contracts, sue and be sued, and enjoy exclusive rights to its name and certain business activities. Shareholders own the corporation but it exists separately from them. Proprietorship refers to a single owner business, company is a broader term, and investment is not a form of organisation at all. Therefore, corporation best matches the description of a group with exclusive business rights and titles.

Step-by-Step Solution:
Step 1: Focus on the phrase exclusive business rights and legal titles granted to a group. Step 2: Recall that corporations are created by registration under company law and are recognised by the state as separate legal persons. Step 3: Note that a sole proprietorship is owned and controlled by one individual without separate legal personality. Step 4: Understand that the word company is generic and may refer to many organisational forms, but the more precise legal term for a body with formal rights is corporation. Step 5: Recognise that investment simply refers to putting money into assets and is not itself a group or organisation.

Verification / Alternative check:
Introductory business studies and commerce textbooks explain that a corporation is a legal entity created by law with rights and privileges distinct from those of its members. It may own property in its own name and is granted certain exclusive rights. Exam questions that describe a group with legal powers and titles almost always point to the word corporation, confirming this as the correct choice here.

Why Other Options Are Wrong:
Proprietorship refers to a business owned by a single person and does not describe a separate legal group of people. Company is a broad term and while many corporations are companies, the question emphasises legal rights and titles which fit the technical term corporation more strongly. Investment is an activity where money is committed to assets, not a business entity or group of people created by law.

Common Pitfalls:
Students sometimes treat company and corporation as perfect synonyms and may pick company simply because it is more familiar. In exam settings, however, question setters often expect the more specific legal term. Paying attention to clues like exclusive rights, legal status and group helps you map the description to corporation rather than to a casual term like company or investment.

Final Answer:
A group that has been granted exclusive business rights and legal titles is called a corporation.