In the partnership form of business,the owners are called stockholders.

Partnership

A legitimate business arrangement where two or more partners share both management responsibilities and profits.

Stockholders

Individuals or entities that own shares of stock in a corporation, granting them certain rights and privileges.

Gain insight into the various models of business ownership and their inherent properties.

Verified Answer

Final Answer :

False

Explanation :

In the partnership form of business, the owners are called partners, not stockholders.

Learning Objectives

Gain insight into the various models of business ownership and their inherent properties.