The structure in which there is separation of ownership and management is called (a) Sole proprietorship (b) Partnership (c) Company (d) All business organisations
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Answer:
Among the given options option (c) COMPANY is the correct answer.
The structure in which there is separation of ownership and management is called : Company
Explanation:
Company can be classified as follows :
- Private company , PUBLIC company, ONE person company.
- Private companies can be formed with two members and there cannot be more than 200 members.
- Public company must have at least seven members with no limit to maximum members maximum members.
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