Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'entity status'?

A. phase in the lifecycle of a trade
B. phase in a product lifecycle
C. lifecycle stage indicating the operational and/or legal status of an entity
D. lifecycle stage indicating the status of a given registration of something, such as a business or legal entity, as specified by the registration authority

Answer: lifecycle stage indicating the operational and/or legal status of an entity