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
E) unlimited partnership

Question

Quizplus · Accepted Answer

A corporation is an independent legal entity that is owned by shareholders and managed by a board of directors. This structure allows for separation of ownership and management roles, as the shareholders elect the board of directors who then oversee the company's management team. In contrast, sole proprietorships, general partnerships, limited liability partnerships, and unlimited partnerships all involve some level of overlap between ownership and management roles.

Management and Ownership Roles Would Most Likely Be Separate in What