Question

2. Which of the following is a corporate type of business enterprise?
(a) Sole Proprietorship (b) Partnership
(c) Joint Stock Company
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Answer 1

Answer:

joint stock company will be ur right ans

Answer 2

The correct answer is: (option C) Joint Stock Company.

• Sole proprietorship: An individual, a business, or a limited liability partnership can all own and manage a sole proprietorship. The company doesn't have any partners. All obligations incurred by the company are individually accountable to the owner. Small companies like a nearby grocery store, a nearby clothing store, an artist, a freelance writer, etc. are examples of sole owners.

• Partnership: A partnership is a legally binding arrangement between two or more parties to manage a business and divide profits. Partnership arrangements come in many different forms. One type of business where partners may have minimal liability is a partnership where all participants share profits and liabilities equally.

• Joint-stock company: A joint-stock company is a type of corporation where shareholders can buy and sell shares of the company's equity. The shares represent the proportionate ownership of the Company by each Shareholder. Shareholders can sell their shares to third parties without it having any impact on the company's ability to continue operating.

Thus, (option C) Joint-stock company is a corporate type of business enterprise.

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