ethics civics MCQ #638

An organization that is owned by shareholders but managed by agents on their behalf is conventionally known as the modern:

ethics civics MCQ #638

  1. Question 1

    Q1. An organization that is owned by shareholders but managed by agents on their behalf is conventionally known as the modern:

    • A) Conglomerate
    • B) Corporation
    • C) Company
    • D) Transferability

    Answer: Corporation

    Explanation: The modern corporation is defined by the separation of ownership (shareholders) and control (management agents), making it the dominant organizational form in contemporary capitalism.