The correct answer would be, Corporations.
In a business organization, the splitting of management and ownership into two distinct functions is an example of Corporations.
Explanation:
A corporation is basically a large company, which may act as a single entity or a group of companies. These group of companies will be recognized as a single entity by law.
In business, Corporation is a form of business in which there are group of officers, called as the board of directors. Corporations are the most advantageous form of business, as there are many stakeholders who share the liabilities of the corporation.
The management is split into different functions and the whole ownership is shared between the stake holders.
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