Which of the following forms of businesses necessarily involves the separation of ownership and management?
A)Partnership
B)Sole proprietorship
C)Corporation
D)Association
E)Co-operative

Question

Quizplus · Accepted Answer

A corporation necessarily involves the separation of ownership and management, as ownership is held by shareholders who elect a board of directors to oversee management. Partnerships and sole proprietorships involve owners who are also managers, while associations and co-operatives may or may not involve separation of ownership and management depending on their specific structure.

Which of the Following Forms of Businesses Necessarily Involves the Separation