🎴 Flashcard Mode
Meaning and features of joint stock company - class-IX
Card1 / 57
Mastered0
Review0
QuestionClick to flip
The Structure in which there is separation of ownership and management is called ______________.
AnswerClick to flip back
A
Company
💡 Explanation:
Company is the form of business organisation in which there is a separation of ownership and management. Company has a separate legal entity from its members. Management professionals of the firm are not considered as the owners of the firm.