Examlex
Which of the following statements is not correct?
Casual Acquaintances
Relationships or connections between people who know each other but do not have a deep or close friendship.
Shareholder
An individual or entity that owns one or more shares of stock in a corporation, thereby having a financial stake and certain rights within the company.
Corporation
A legal entity that is distinct and separate from its owners, which can own property, incur liabilities, and is subject to taxation.
Cumulative Voting
A voting system in corporate governance that allows shareholders to concentrate their votes on a single candidate, enhancing minority shareholders' representation.
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