which of the business organisation there is a separation of ownership?
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The structure in which there is separation of ownership and management is called. (a) Sole proprietorship (b) Partnership (c) Company (d) A business organisations.
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ANSWER:
c. Company
EXPLANATION:
The organisational structure wherein there is separation of management and ownership is referred to as a company. In a company, generally the ownership and the management lies in the hands of different persons. A company is generally owned by the shareholders of that company, whereas the company’s management is managed by a group of voted individuals referred to as the board of directors.
These board of directors appoints the top executives for management of the everyday operations/functions of the company’s business.
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