Question

Identify the type of organization which ensure separation of ownership and management. (A) sole trade (B) partnership (C) company (D) none of these​

Answer 1

Answer:

c.company

Explanation:

because a company is any artificial person created by law or under law. It has a separate legal entity.

Answer 2

Answer:

The type of organization which ensures separation of ownership and management is known as (c) Company.

Explanation:

A company is the type of organization that ensures separation of ownership and management.

• A company is an artificial person having separate legal entity existence, perpetual succession, and a common seal.
• The company form of organization is considered to be most suitable for organizing business activities on a large scale.
• It has the advantage of attracting huge capital from the public.
• It is considered a "divorce between ownership and management. "
• A company has a separate legal existence, it can carry the business on in its own name.
• it can buy and sell assets and securities in its own name, also it can enter into a contract with outsiders in its own name.

Thus, Company is that type of organization that ensures separation of ownership and management because of separate legal existence/entity features.

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