According to the textbook, the statement, "Shareholders are the owners of corporations" is a ______, not a ______.
A)legal fact; belief
B)belief; legal fact
C)legal fact; principle
D)principle; theory

Question

Quizplus · Accepted Answer

The statement is a belief, as it is a commonly held understanding of how corporations operate, but legally speaking, shareholders are not considered the sole owners of corporations.

According to the Textbook, the Statement, "Shareholders Are the Owners