Sally is a fractional owner in a business and is given the opportunity to vote on proxy matters. Sally is most likely a(n)
A) member of the board of directors.
B) institutional shareholder.
C) individual shareholder.
D) manager of the business.

Question

Quizplus · Accepted Answer

As a fractional owner in a business, Sally is most likely an individual shareholder. Shareholders are given the opportunity to vote on proxy matters, such as the election of board members or major company decisions. Being a member of the board of directors or a manager of the business would imply a more significant ownership stake and level of control, while being an institutional shareholder would refer to a large organization holding shares in the company.

Sally Is a Fractional Owner in a Business and Is