Common stockholders of a business enterprise are said to be the residual owners. The term residual owner means that shareholders
a. are entitled to a dividend every year in which the business earns a profit.
b. have the rights to specific assets of the business.
c. bear the ultimate risks and uncertainties and receive the benefits of enterprise ownership.
d. can negotiate individual contracts on behalf of the enterprise.
Answer: c. bear the ultimate risks and uncertainties and receive the benefits of enterprise ownership.
Business
You might also like to view...
The following items are tangible components of a corporate image, except:
A) goods and services sold B) retail outlets where the product is sold C) advertising, promotions, and other forms of communication D) competing businesses
Business
The triple bottom line includes the three Ps of ________
Fill in the blanks with correct word
Business