When the management of a business is conducted by individuals other than the owners, the business is more likely to be a:

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When the management of a business is conducted by individuals other than the owners, the business is more likely to be a corporation. This is because a corporation is a separate legal entity, distinct from its owners, and has a management structure in place to run the day-to-day operations of the business. In a sole proprietorship or partnership, the owners are typically responsible for managing the business themselves.

When the Management of a Business Is Conducted by Individuals