A Separation Between Ownership and Management Is Most Likely to Occur

question 114

Multiple Choice

A separation between ownership and management is most likely to occur in a:

• A)limited liability partnership.
• B)general partnership.
• C)sole proprietorship.
• D)corporation.

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Definitions:

Capitalism

An economic system characterized by private or corporate ownership of goods and services, intended for profit.

Justice Theorist

An individual who studies or develops concepts related to justice, focusing on its application in society, law, or morality.

Society's Benefits

The advantages or positive outcomes that accrue to the general public or community from certain actions, policies, or programs.

Rule Utilitarianism

A theory in ethics which suggests that the correctness of an action depends on whether it conforms to a set of rules that, if universally followed, would lead to the greatest good for the greatest number.