Which of the Following Is True About the Modern Concept

question 30

Multiple Choice

Which of the following is true about the modern concept of controllership?

• A)The controller does not affect the entire company.
• B)Has no influence on employee behavior.
• C)Does not attend meetings with other managers.
• D)The controller affects the entire company.
• E)Does not exert a force that impels line managers toward better decisions.

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Definitions:

Appraisal Rights

Entitlement of a corporation's minority shareholders to have their shares appraised and to receive compensation at a fair market value in the event of certain corporate actions.

Acquires

The act of obtaining ownership or control over assets, properties, or companies, often through purchase or merger.

Sole Proprietorship

A business structure where the business is owned and operated by a single individual who has personal responsibility for all debts and liabilities.

Corporation

A legal entity recognized by law as separate from its owners, with its own rights, privileges, and liabilities.