Which of the Following Types of Businesses Is Owned by Stockholders

question 21

Multiple Choice

Which of the following types of businesses is owned by stockholders?

• A) proprietorship
• B) corporation
• C) partnership with more than ten partners
• D) partnership with only two partners

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Definitions:

Profits and Losses

Financial results of a company's operations, with profits indicating net income and losses indicating net expenses exceeding revenues.

Admitted

The term is commonly used in insurance, indicating an insurer is licensed to operate in a particular state. Otherwise, NO.

Liquidate a Partnership

The process of dissolving a partnership by selling its assets, paying off debts, and distributing the remaining assets to partners.

Capital

represents the financial resources that are used by a business to fund its operations and growth, typically including funds contributed by owners or generated through profit.