Asked by Rosana Castillon on Jul 13, 2024
Verified
Which of the following is not a special privilege of corporate organizations?
A) Shareholder democracy
B) Joint stock ownership
C) Limited liability
D) Continuous legal identity
Shareholder Democracy
A form of corporate governance that emphasizes the rights of shareholders to influence decisions and policies within a company.
Limited Liability
A legal structure for businesses that protects its owners from being personally liable for the company's debts or liabilities.
- Understand the fundamentals and critiques of shareholder democracy.
Verified Answer
JG
jassie GrewalJul 18, 2024
Final Answer :
A
Explanation :
Shareholder democracy is not a special privilege of corporate organizations; rather, it refers to the concept where shareholders have a say in the company's decisions, which is a characteristic of how corporations are structured rather than a privilege granted to them. Joint stock ownership, limited liability, and continuous legal identity are all special privileges that enable corporations to operate in ways that individuals and other types of business entities cannot.
Learning Objectives
- Understand the fundamentals and critiques of shareholder democracy.