Question

43. Mayank Agrawal store owner has won a lottery of rupees 100000 . his friend Yash suggested him to invest this money in the shares of progressive Limited as he too is the shareholder of this company. But Mayank wants to invest 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 share in the market and convert them into cash when need arises. what merit of joint stock company highlighted in this paragraph *
limited liability
professional management
share transfer facility
Continuity​

Answer 1

Answer:

I hope it will not helpful ,....

Answer 2

The correct answer to this question is option 3) Share transfer facility.

Explanation:

• A share transfer is a procedure of transferring existing shares from one individual to another; either by gift or sale.

• In a joint- stock company, the shares can either be transferred or sold whenever the shareholder desires.

• As long as the company has a limited number of shareholders this process is very fast and easy to carry out.