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74 Who really owns a corporation, and how does that impact the goal of the firm?
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Answer #1

Corporations are separate legal entities which are owned and controlled by the members. Here multiple Stock holders are the real owners of the corporation.

The higher the amount of shares or percentage of share the greater is the ownership and the goal of the firm is dictated by the ownership percentage of the firm. Goal will be oriented towards the highest shareholder of the corporation.

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