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Question

The structure of an organisation in which there is separation of ownership and management is called ________.
  1. sole proprietorship
  2. partnership
  3. company
  4. cooperative society

A
company
B
cooperative society
C
partnership
D
sole proprietorship
Solution
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Company is a form of business organisation in which there is a separation of ownership and management. Company as a legal person has a separate entity different from its members and is managed by the Board of Directors elected by the shareholders.

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