Limited Liability Is a Benefit Available Only to

question 15

Multiple Choice

Limited liability is a benefit available only to

• A)sole proprietorships.
• B)partnerships.
• C)corporations.
• D)All of the above.

---

Definitions:

Reverse Split

Procedure where a firm’s number of shares outstanding is reduced.

Stock Price

The cost of purchasing a single share of a particular company's stock on the open market, fluctuating based on demand, market conditions, and company performance.

Shares Outstanding

Shares outstanding refer to the total number of shares of a company's stock currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Cash Dividend

A monetary payment made by a company to its shareholders out of its current or retained earnings.