Ultimate ________ of a firm depends on who owns the major portion of the common shares and thus controls the direction of the firm through voting power.
A)managerial control
B)creditor control
C)shareholder control
D)government control

Question

Quizplus · Accepted Answer

The ultimate control of a firm depends on who owns the major portion of the common shares, which gives them voting power. This is known as shareholder control. Managerial control refers to the ability of managers to make operational decisions, while creditor control refers to the power of creditors to influence decisions through debt financing. Government control usually refers to regulations and oversight rather than direct ownership or control of a firm.

Ultimate ________ of a Firm Depends on Who Owns the Major