Question

In which type of business organization do the owners have the least input and decision-making on the day to day operations?

Answer 1

In corporations' type of business, the organization does the owners have the least input and decision-making on the day to day operations.

Further explanation:

A corporation is a legal entity which is distinct and separate from its owners. It enjoys several rights and responsibilities which a person possesses. These corporations can borrow money, enter contracts and loans.

THE DAY-TO-DAY OPERATIONS OF CORPORATIONS

The shareholder receives one vote per share. The board of directors executes the corporation's business plan. The board of directors must take all the means to do so. The members of the board are not responsible for the corporation's debts.

While some individuals feel that a corporation enhances the image of a business. There is one disadvantage also is potential double taxation. Business owners increase their salaries to wipe out or reduce corporate profits.

Learn more:

1. Which best describes the role that government and business play in investments?

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2. Tristan has gotten very good at painting characters in fantasy settings. he has just bought acrylic paint and canvas in bulk, intending to start a painting business. which statement best addresses the next economic question Tristan needs to answer?

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Answer details:

Grade: Middle School

Subject: Social Studies

Topic: The Day-To-Day Operations Of Corporations

Keywords: corporations, decision-making, taxation, business, contracts, loans, corporate, profits

Answer 2

The answer is in corporations. The owners of a corporation are its shareholders, but these shareholders (or investors) select a board of directors that supervise most of the decisions - including those that deal with day to day operations. A business organization where the owners have the greatest input and decision-making on the day to day operations is the sole proprietorship.