Examlex

Solved

Most Business Observers Agree with Berle and Means That, Because

question 54

True/False

Most business observers agree with Berle and Means that, because stock ownership in large corporations is so dispersed, actual control of the corporation has passed to management.


Definitions:

Legally Liable

Being legally liable means being responsible by law to compensate or bear the consequences for causing damage or injury through actions or failures to act.

Corporation

A legal entity owned by shareholders with rights and liabilities distinct from those of its owners, capable of conducting business.

Sole Proprietorship

A business structure where a single individual owns and operates the business, taking on all responsibilities and liabilities.

Business Sales

The total receipts from goods and services sold by businesses over a specific time period.

Related Questions