Final answer:
False. There are two types of common stock: voting and non-voting stock.
Step-by-step explanation:
False. There are actually two types of common stock that a company can issue: voting and non-voting stock.
Voting stock gives shareholders the right to vote on certain company decisions, such as electing board members or approving major corporate actions. Non-voting stock, on the other hand, does not grant voting rights but still allows shareholders to share in the company's profits through dividends.
Both types of common stock can be issued by a company, depending on its corporate structure and the preferences of its management and shareholders.