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Well isn't the answer in the question? I'm just giving you a basic answer here. If we're talking about a business, ownership is where someone owns, or has part ownership of a business. The owner has control/part control over the business, depending on the percentage of the business they own. Most of the time, the business owner will hand over or hire someone to take control (depending on the business type/size) this person is called a manager and the manager will make decisions on the owners behalf, that is what a manager is being paid for, to take control, but will generally consult the owner.
If the owner doesn't hire a manager, the owner has control over the business because they are the owner.
There are many different ways this can work but i am just giving you the basic understandings of ownership and control over a business, it can be very complicated but I'm sure Wikipedia will be able to answer your question in much greater detail.
I hope this has helped.
What else can I help you with?
When can control be assumed subsidiary?
Control can be assumed subsidiary when one entity has the power to govern the financial and operating policies of another entity, typically through ownership of more than 50% of the voting rights or through other means such as contractual agreements. This control allows the parent company to influence decisions and manage the subsidiary's operations effectively. Additionally, even without majority ownership, control can be asserted if the parent company has the ability to appoint key management or direct significant activities of the subsidiary.
What is the definitionof revenue recognition?
Revenue recognition is including inflows in financial statement when all when ownership and control has been passed to another person and that inflows is probable based on a transaction
Does a spouse have to sign the mortgage in a non community state?
Yes, if the spouse has an ownership interest in the property.Yes, if the spouse has an ownership interest in the property.Yes, if the spouse has an ownership interest in the property.Yes, if the spouse has an ownership interest in the property.
Can you get half the equity in your house if your name is not on the deed?
No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.
Where do you sign on the title to transfer ownership?
You sign on the back of the title to transfer ownership.
In what ways do collectivization and privatization differ?
Collectivization involves centralizing control and ownership of resources, typically by the state, whereas privatization involves transferring ownership and control from the state to private individuals or entities. Collectivization aims to promote equality and efficiency through communal ownership, while privatization aims to increase competition and efficiency by allowing private ownership and market forces to drive decision-making.
What is the best definition of ownership and how does it differ from possession?
Ownership refers to the legal right to control and use a property or object. It involves having the title or deed to the item. Possession, on the other hand, simply means physically having the item in one's control without necessarily having legal ownership. Ownership gives the owner the right to make decisions about the item, while possession is just physical custody of it.
What is Ownership and control in private sector?
nationalize
How did Indian's concept of land ownership differ from the colonists concept of land ownership in changes in the land?
No one owned the land
What is the synonym of possession?
Belonging, property, hold and control.
Difference between professional and traditional management?
under Traditional management ownership and management/control stay with the same persons. In Professional management, ownership and management may differ. ex: Take Joint stock companies - Owners are the shareholders whereas the management is taken care by managerial personnel who are professionals
What changed in Hawaii as a result of agribusiness taking control Hawaii?
Land ownership was taken over mainly by the businesses.
What is meant by the divorce between ownership and control that can occur in public limited companies?
The divorce between ownership and control is when the shareholders (ownership) and the control (agents (board of directors, CEO etc)) have clashing view. Eg when Kraft pledged the bid to take over Cadbury, a majority shareholder named Warren Buffett didn't agree with the boards decision. This is know as 'The Divorce Between Ownership And Control)
How does the project audit differ from the performance measurement control system?
How does the project audit differ from the performance measjrement control system
Type of economy with private ownership control and profit?
Capitalism. type of profit control?
Which philosophical theory calls for government control and ownership of the natural resources of a nation?
Socialism is the philosophical theory that calls for government control and ownership of the natural resources of a nation.
What is the best definition of ownership?
Ownership is the legal right to possess, use, and control something, such as property or an object, as one's own.
