In the early history of corporations,what was the primary purpose of shares?
A)To raise capital and provide a return on that investment
B)To encourage innovation
C)To allow outsiders to control a corporation's major decisions
D)To implement social good by a corporation

Question

Quizplus · Accepted Answer

The primary purpose of shares in the early history of corporations was to raise capital by selling them to investors, who could then receive a return on their investment through dividends or by selling their shares at a higher price in the secondary market. This allowed corporations to finance their operations and growth without taking on excessive debt.

In the Early History of Corporations,what Was the Primary Purpose