Stock certificate is a form issued by the corporation that shows the name of the stockholder and the number of shares owned in the corporation.
It is also known as a Certificate of Stock or Share Certificate. It is a legal proof that an individual has a claim on the dividends of the corporation stated in the certificate. It should be surrendered when the share or stock of the corporation is bought back by the corporation from the shareholder.
<span>Low cost; formal</span>
A low cost strategy that is aimed at
driving down expenditures in all functions usually fares best in a more formal structure
with more conservative norms. This is because a formal structure gives the
manager greater control over the organizations processes making it easier to
cut down costs
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