Which of the following was NOT a feature of the modern corporation in the 1920s?
A) Ownership was spread among thousands of stockholders.
B) Bureaucratized organizations created a new elite of salaried managers.
C) Corporate power existed in the hands of stockholders rather than in company management.
D) A new wave of mergers further consolidated industry into a series of oligopolies.
Correct Answer:
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A)
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