In which of the following business organizations is there a separation of ownership and management? A. Sole-proprietorship B. Partnership C. HUF D. Company
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In which of the following business organizations is there a separation of ownership and management? A. Sole-proprietorship B. Partnership C. HUF D. Company
The correct answer is D. Company.
In a company, ownership is separated from management. This means that shareholders own the company but do not necessarily manage it; instead, they elect a board of directors to oversee the operations. In contrast, sole proprietorships, partnerships, and Hindu Undivided Families (HUFs) typically involve the owners directly managing the business. If you need further clarification or details, feel free to ask!