How and who determines what executes when a Bash-like script is executed as a binary without a shebang?
I guess that running a normal script with shebang is
(Looks like Sorpigal has covered it but I've already typed this up and it may be of interest.)
According to Section 3.16 of the Unix FAQ, the shell first looks at the magic number (first two bytes of the file). Some numbers indicate a binary executable; #! indicates that the rest of the line should be interpreted as a shebang. Otherwise, the shell tries to run it as a shell script.
Additionally, it seems that csh looks at the first byte, and if it's #, it'll try to run it as a csh script.