Because Ordinary Shareholders Are Entitled to the Profits That Remain

question 22

Multiple Choice

Because ordinary shareholders are entitled to the profits that remain after all of a corporation's other obligations have been met, ordinary shareholders are known as

• A) debt owners.
• B) residual owners.
• C) temporary owners.
• D) owners of last resort.

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Definitions:

Information Technology

The employment of computers, storage systems, network components, and other tangible resources, along with various procedures, to generate, process, maintain, safeguard, and share any type of digital data.

Innovation

The act of introducing something new or improving an existing product, service, or process.

Entrepreneurship Major

An academic program focusing on teaching students how to start, manage, and grow their own businesses, including lessons on innovation, business planning, and risk-taking.

Self-Starters

Individuals who begin or carry out tasks without needing external encouragement or pressure, showing initiative and motivation.