Asked by suleiman adegoke on May 07, 2024
Verified
One who purchases corporate stock, or shares, and becomes an owner of the corporation is known as a
A) partner.
B) shareholder.
C) responsible billing partner.
D) sole proprietor.
Corporate Stock
Ownership units in a corporation, represented by shares that can be bought, sold, or traded.
Shareholder
An owner of shares in a company or corporation, giving them certain rights and potential financial benefits.
Corporation
A legal entity recognized by law as separate from its owners, with its own rights and liabilities.
- Understand the significance and implications of being a shareholder in a law firm.
Verified Answer
NA
Nurul AsyiqinMay 10, 2024
Final Answer :
B
Explanation :
A shareholder is someone who buys stock or shares in a corporation, thereby obtaining ownership interest in the company.
Learning Objectives
- Understand the significance and implications of being a shareholder in a law firm.