Which of the following statements is not true about shareholders?

They are the legal owners of business corporations.

They own equal shares of company assets.

They are investors in the company.

Managers pay close attention to their needs and interests.

They own equal shares of company assets.

Explanation:

The statement above is false because shareholders can own vastly different amounts of shares.

For example, a group of 2 people and 5 companies own over 50% of the shares of Alphabet (the corporation that owns Google), giving this small group of people the voting power to take decisions during assemblies.

Meanwhile, thousands of investors also own a small number of shares of Alphabet because it is a publicly traded company, but these small investors have essentially no voting power.