With the Separation of Ownership from Control Arises the Potential

question 22

Multiple Choice

With the separation of ownership from control arises the potential of a conflict of interest between:

• A)managers and auditors
• B)owners and managers
• C)owners and shareholders
• D)creditors and managers

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Definitions:

Entrepreneurial Ability

The innovation and risk-taking skills that a person possesses to create and manage a business successfully.

Economic Success

The achievement of desired financial outcomes in growth, employment, and stable prices within an economy.

Entrepreneurs

Individuals who create, organize, and manage a business venture, taking on financial risks in the hope of profit.

American Entrepreneur

An American entrepreneur is an individual in the United States who starts and manages a business venture, taking on financial risks in the hope of profit.