An Owner of a C Corporation Is Called a _____

question 5

Multiple Choice

An owner of a C corporation is called a _____.

• A) director
• B) sole proprietor
• C) stockholder
• D) chief executive officer

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Definitions:

Lot Ticket

A document prepared to show the movement of materials or products between departments. Also called move ticket.

Material Requisition

A document used to order material or supplies from the storeroom that provides the basis for charging material into production.

Raw Materials

The basic materials from which products are manufactured or made, typically used in the early stages of the production process.

On Account

Refers to purchases made or services rendered on a credit basis, implying that payment will be made at a future date.