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

Question

Quizplus · Accepted Answer

Corporations are the only type of business that are owned by stockholders. A proprietorship is owned by an individual, while partnerships are owned by multiple individuals who share profits and liabilities. However, a corporation is a separate legal entity that issues shares of stock to shareholders, who become partial owners of the company.

Which of the Following Types of Businesses Is Owned by Stockholders