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A 2-year-old girl is visiting the zoo for the first time, with her father. As they look at the monkeys, an adult monkey comes close to the girl and begins reaching out to her. The girl initially seems nervous but looks at her father and, seeing that he is smiling, looks back at the monkey, laughs, and talks to it playfully. This is an example of .
Legal Entity
An organization that has legal rights and obligations, including the ability to enter into contracts and own assets, separately from its owners.
Public Corporation
A type of company that issues shares of stock that are publicly traded on one or more stock exchanges.
Common Stock
A type of equity security that represents ownership in a corporation, with certain rights such as voting rights and receiving dividends.
Preference Rights
Rights giving certain shareholders or bondholders a priority claim over assets or earnings, typically in the event of liquidation or dividend distribution.
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