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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In a corporation, the management is conducted by individuals who are appointed by the shareholders and do not necessarily have ownership in the business. This structure allows for a clear separation between ownership and management, which can provide benefits such as limited liability for the owners and the ability to raise funds through the sale of stocks. Sole proprietorships and partnerships are both owned and managed by the same individuals, while a general partner is a specific role within a partnership structure.

When the Management of a Business Is Conducted by Individuals