Joshua, age five, was given a share of common stock in the Walt Disney Company. As a ____ he has the right to vote on major corporate actions.
A)common stockholder
B)preferred stockholder
C)officer of the corporation
D)bondholder

Question

​Joshua, age five, was given a share of common stock in the Walt Disney Company. As a ____ he has the right to vote on major corporate actions.
A)​common stockholder
B)​preferred stockholder
C)​officer of the corporation
D)​bondholder

Quizplus · Accepted Answer

Common stockholders have the right to vote on major corporate actions such as the election of the board of directors, mergers and acquisitions, and changes to the company's bylaws. Preferred stockholders do not typically have voting rights, and officers of the corporation are employees responsible for managing the company, not shareholders. Bondholders are creditors of the company and do not have voting rights.

​Joshua, Age Five, Was Given a Share of Common Stock

Joshua, Age Five, Was Given a Share of Common Stock