A separation between ownership and management is most likely to occur in a:
A)limited liability partnership.
B)general partnership.
C)sole proprietorship.
D)corporation.

Question

Quizplus · Accepted Answer

A corporation is the most likely type of business entity to separate ownership from management. Shareholders own the corporation through the purchase of stock, while a board of directors and executive officers manage the day-to-day operations of the company.

A Separation Between Ownership and Management Is Most Likely to Occur