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1. In a large publicly owned corporation, who is responsible for implementing the business strategy and tactics?
2. Who has title to the business assets of a privately held company where three of the operating managers are brothers who own 60% of the company and the rest of the company is owned by family members who are not in the business?
Title to the business is shared by all owners in the proportion of their ownership.
The three brothers since they own the majority of the business and are managers in the business.
The family members who are not in the business since operating managers cannot be owners.
3. What is the relationship between passive owners and operating managers with respect to business performance in publicly owned corporations?
There is no relationship. Passive owners have no interest in the company or its performance.
Operating managers want short term performance and passive owners want long term performance.
Both want the business to be financially successful.
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