Norman owns a large number of shares in a telecommunications corporation. Despite that, he does not have the right to vote in a meeting held specifically to elect the CEO of the company. In this scenario, Norman is most likely a _____.
A) general partner
B) limited partner
C) common stockholder
D) preferred stockholder

Question

Quizplus · Accepted Answer

Preferred stockholders typically do not have voting rights in corporate decisions, such as electing the CEO, unlike common stockholders.

Norman Owns a Large Number of Shares in a Telecommunications