Asked by Nazareth Valladares on Jun 07, 2024
Verified
A corporation is owned by its
A) board of directors
B) officers
C) stockholders
D) bondholders
Corporation
A business firm that is a legal person. Its chief advantage is that each owner’s liability is limited to the amount of money he or she invested in the company.
Stockholders
Individuals or entities that own shares in a corporation, possessing ownership interests and rights to dividends.
Owned
The state of having legal rights to possess, use, and control a property or asset.
- Understand the concepts related to the stock market and corporate ownership.
Verified Answer
JP
Julisa PerezJun 08, 2024
Final Answer :
C
Explanation :
Stockholders are the individuals or institutions that own shares of a corporation's stock, which represents ownership in the company. The board of directors and officers are responsible for running the company, but they do not technically own the corporation. Bondholders are individuals or institutions that have loaned money to the corporation via bonds and do not have ownership in the company.
Learning Objectives
- Understand the concepts related to the stock market and corporate ownership.