In corporations, owners are __________________ and managers are ________________.

Question

Quizplus · Accepted Answer

In corporations, the stockholders or shareholders are considered the owners or principals of the company, as they have a financial interest in the success of the business. The managers, on the other hand, are hired by the owners to run the company and are therefore considered agents. They are responsible for carrying out the wishes of the owners and making the day-to-day decisions necessary to keep the business running smoothly.

In Corporations, Owners Are __________________ and Managers Are ________________

In Corporations, Owners Are __ and Managers Are