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Question
The business organisation, where there is a separation of ownership and management is a __________.
The business organisation, where there is a separation of ownership and management is a __________.
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Solution
The correct option is A Joint stock company
In joint stock company there is separation of ownership and management and it involves placing the management of the firm under the responsibility of professionals who are not its owners. Owners of a company may include shareholders, directors, government entities and initial founders.
In joint stock company there is separation of ownership and management and it involves placing the management of the firm under the responsibility of professionals who are not its owners. Owners of a company may include shareholders, directors, government entities and initial founders.
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