JAMB Economics 1993 Question 26

Question 26

Business Organisations

A modern corporation is owned by

  1. A.debenture holders
  2. B.ordinary shareholders
  3. C.preference shareholders
  4. D.creditors
Show the answer and explanation

Answer: B (ordinary shareholders)

Explanation

Ordinary shareholders are the real owners: they carry the main risk and have voting rights. Debenture holders are creditors.