Stockholders are the owners of a corporation. They own the shares of the company, which represents ownership in the company, but they are not personally liable for the company's debts or responsible for its day-to-day activities. They do have the power to hire or fire the managers of the corporation, but they don't control the day-to-day activities themselves.

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Stockholders

Question 72

Multiple Choice

Stockholders

A) are liable for the debts of a corporation.
B) are the owners of a corporation.
C) control a corporation's day-to-day activities.
D) hire the managers of a corporation.

Correct Answer: