An individual who is part owner of a company and hires another individual to act on his or her behalf is referred to as a(n)

Name: An individual who is part owner of a company and hires another individual to act on his or her behalf is referred to as a(n)
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

The shareholders of a publicly traded company are referred to as principals. In publicly traded companies, the stockholders are the legal owners of the company, but they delegate decision-making authority to professional managers.

An Individual Who Is Part Owner of a Company and Hires