Final answer:
A private company enjoys greater control over decision-making than a public company because private companies are typically owned by the individuals or groups that run them daily, and they do not have publicly issued stock that would dilute their control.
Step-by-step explanation:
An advantage that a private company enjoys over a public company is greater control over decision-making. One reason for this is that private companies are frequently owned by the individuals or groups that run them on a day-to-day basis, such as in a sole proprietorship or a partnership. When a company becomes public, it issues stock and is owned by shareholders, which can dilute the control originally held by the founders. Private companies, including large corporations like Cargill, the Mars candy company, or the Bechtel engineering and construction firm, benefit from not having publicly issued stock which allows them to retain more decision-making authority within the company.
A private company enjoys the advantage of greater control over decision-making compared to a public company. In a private company, the owners have the autonomy to make decisions without having to consult a board of directors or shareholders. This allows for quicker decision-making and more flexibility in responding to market changes. On the other hand, a public company is required to adhere to regulations and governance structures that limit decision-making power to ensure transparency and accountability to shareholders.