Which of the following statements is LEAST consistent with the lecture material on ‘What are Shares?’:单项选择题

A
Shares are also called stocks or equities.
B
When a company pays out profits to shareholders it is called a dividend.
C
When an individual buys or sells shares they normally do so directly on a Stock Exchange.
D
Shares in a company represent a part ownership of that company.
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Which of the following statements is true?
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