In which business structure do owners have limited control over management decis

In which business structure do owners have limited control over management decisions?

In which business structure do owners have limited control over management decisions?

Step 1: Understand what a business structure is. It refers to how a business is organized and managed.
Step 2: Identify the different types of business structures, such as sole proprietorships, partnerships, and corporations.
Step 3: Focus on corporations. In a corporation, the owners are called shareholders.
Step 4: Learn that shareholders own shares of the company but do not manage it directly.
Step 5: Recognize that management decisions in a corporation are made by a group called the board of directors.
Step 6: Conclude that because shareholders do not make daily management decisions, they have limited control over how the business is run.

No concepts available.