10 minutes ago
Mayank a grocery store owner has
won a lottery of Rs. 1,00,000/-. His
friend Yash suggested him to invest
his money in the shares of
progressive Ltd, as he too is the share
holder of this company. But Mayank
wants to invest this money for
expansion of his business after a
period of 2 years. Yash tries to
convince Mayank by saying that he
can easily sell his hares in the market
and convert them into cash when
need arises. Identify the merit of joint
stock company highlighted in the
above para.
Limited liability
Transfer of interest
perpetual existance
Scope for expansion
Answers
Answered by
3
Answer:
Mayank a grocery store owner has
won a lottery of Rs. 1,00,000/-. His
friend Yash suggested him to invest
his money in the shares of
progressive Ltd, as he too is the share
holder of this company. But Mayank
wants to invest this money for
expansion of his business after a
period of 2 years. Yash tries to
convince Mayank by saying that he
can easily sell his hares in the market
and convert them into cash when
need arises. Identify the merit of joint
stock company highlighted in the
above para.
Limited liability
Transfer of interest
perpetual existance
Scope for expansion
Explanation:
Similar questions