Asked by Rachel Tweedy on Apr 30, 2024
Verified
In corporations that are said to be widely held, no one investor or group owns 51% or more of the stock.
Widely Held
Refers to stocks or securities that are owned by a large number of investors, often making the security more liquid and the company less prone to large shareholder influence.
Investor
An individual or entity that allocates capital with the expectation of receiving financial returns.
Stock
A financial asset representing a share of ownership of a corporation. Entitles the owner to dividends if any are paid.
- Understand the concept and significance of widely held corporations.
Verified Answer
ZK
Zybrea KnightMay 03, 2024
Final Answer :
True
Explanation :
In widely held corporations, no single investor or group owns a majority of the stock, which means no one has control over the company's decision-making process.
Learning Objectives
- Understand the concept and significance of widely held corporations.