A corporation is owned by
A) shareholders and partners.
B) the shareholders who hold the company's stock.
C) the Board of Directors
D) its Chief Executive Officer.

Question

Quizplus · Accepted Answer

The shareholders who hold the company's stock own a corporation. They have ownership in the company and are entitled to vote on certain decisions and elect the board of directors. Partners are typically seen in a partnership business structure, not in a corporation. While the Board of Directors and Chief Executive Officer hold important roles in the management of the corporation, they are not the owners.

A Corporation Is Owned by