Final answer:
In a widely held corporation, shares are typically non-voting and freely transferable.
Step-by-step explanation:
When a firm decides to sell stock, it becomes a public company, and the shareholders become the owners or shareholders of the firm. The stock represents ownership of the firm, and it is divided into shares. Large companies like IBM, AT&T, Ford, General Electric, Microsoft, Merck, and Exxon have millions of shares of stock.
In these companies, no individual owns a majority of the shares, and instead, there are large numbers of shareholders who each have a small slice of the overall ownership of the company.