The separation of ownership and control is normally a characteristic of:
A) companies.
B) partnerships.
C) sole traders.
D) partnerships and companies.

Question

Quizplus · Accepted Answer

In companies, ownership is typically held by shareholders who invest capital, while control is exercised by a board of directors and management team. This separation is less common in partnerships and sole traders, where owners are usually directly involved in management.

The Separation of Ownership and Control Is Normally a Characteristic