A Share of Stock Is

question 15

Multiple Choice

A share of stock is

• A) a claim on the assets of the corporation that gives the purchaser an ownership right in the corporation.
• B) the share of profits distributed to stockholders.
• C) a promise to pay for the use of someone else's money.
• D) a promise to loan money to someone.
• E) a and b

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Definitions:

Delegation

The act of transferring authority and responsibility from one person or entity to another, often within an organizational context.

Lawsuit

A legal action or proceeding brought by one party against another in a court of law, often to obtain a remedy or enforce rights.

Book

A written or printed work consisting of pages glued or sewn together along one side and bound in covers.

Debt

Money owed by one party, the debtor, to another, the creditor, typically arising from a loan or credit agreement.