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

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

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: Learn about corporations. In a corporation, the business is owned by shareholders.
Step 4: Recognize that shareholders do not manage the day-to-day operations of the corporation.
Step 5: Understand that shareholders elect a board of directors to oversee management.
Step 6: Conclude that in a corporation, owners (shareholders) have limited control over management because they are not involved in daily decisions.

No concepts available.