a. Give a concrete example of the difference between ownership and governance in organizations. In your example,

Question:

a. Give a concrete example of the difference between ownership and governance in organizations. In your example, which form of organization has a higher transaction cost of making decisions?
b. Find a concrete example of a whose managers faced a hostile take-over bid that succeeded. After the take-over, what happened to the managers of the acquired firm?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...