Who typically operates a business in a limited company?

Who typically operates a business in a limited company?

• A. External Auditors
• B. Internal Auditors
• C. Operational management
• D. Support Staff

Answer: (C)

In a limited company, operational management is responsible for overseeing the day-to-day activities of the business. This includes making strategic decisions, managing resources, and ensuring that the company operates efficiently and effectively. Operational management typically consists of individuals in various managerial roles who coordinate the work of employees, set goals, and implement policies that align with the company’s objectives. External auditors and internal auditors serve different functions. External auditors provide an independent evaluation of financial statements to ensure accuracy and compliance with regulations, while internal auditors focus on assessing the effectiveness of internal controls and risk management processes. Support staff, on the other hand, provide assistance to operational management and other departments but do not typically make decisions concerning the business's strategic direction and operations. Therefore, operational management is the most appropriate choice for who typically operates a business in a limited company.

In a limited company, operational management is responsible for overseeing the day-to-day activities of the business. This includes making strategic decisions, managing resources, and ensuring that the company operates efficiently and effectively. Operational management typically consists of individuals in various managerial roles who coordinate the work of employees, set goals, and implement policies that align with the company’s objectives.

External auditors and internal auditors serve different functions. External auditors provide an independent evaluation of financial statements to ensure accuracy and compliance with regulations, while internal auditors focus on assessing the effectiveness of internal controls and risk management processes. Support staff, on the other hand, provide assistance to operational management and other departments but do not typically make decisions concerning the business's strategic direction and operations. Therefore, operational management is the most appropriate choice for who typically operates a business in a limited company.