The purpose of separating management from ownership is to:
A. secure the highest possible salaries for managers
B. ensure that the long-term interests of the corporation outweigh short-term gains
C. shield "absentee owners" from any and all responsibility
D. shield the board of directors from any and all responsibility
Answer:B
The purpose of separating management from ownership is to:
A. secure the highest possible salaries for managers B. ensure that the long-term interests of the corporation outweigh short-term gains C. shield "absentee owners" from any and all responsibility D. shield the board of directors from any and all responsibility