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22-05-2024
Social Studies

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Question 10 of 25
A business owned by stockholders is known as a

Answer :

GinnyAnswer GinnyAnswer

22-05-2024

Final answer:

A business owned by stockholders is called a corporation where shareholders have limited liability and share profits.

Explanation:

A business owned by stockholders is known as a corporation. Shareholders have limited liability for the company's debt but share in its profits. Corporations may be private or public, and can raise funds by selling stock or issuing bonds.

Learn more about Corporations and Stock Ownership here:

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