Management and ownership roles would most likely be separate in what type of business structure?
A)sole proprietorship
B)general partnership
C)corporation
D)limited liability partnership

Question

Quizplus · Accepted Answer

In a corporation, ownership is typically held by shareholders and management is carried out by a board of directors and officers. This separation of ownership and management allows for a more efficient decision-making process, as management can focus on day-to-day operations while owners can have more input in long-term strategy through voting and proxy rights. In contrast, sole proprietorships and general partnerships tend to have more blended ownership and management roles, while limited liability partnerships may have multiple owners with shared management responsibilities.

Management and Ownership Roles Would Most Likely Be Separate in What