a joint stock company is an improvement over other forms of business organisation. Do you agree yes with this statement? if so, give reason. if not , why?
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Check all that apply. interviewing and hiring new workers operating tractors and machinery operating food-processing equipment maintaining vehicles and equipment operating irrigation (watering) equipment harvesting fruits and vegetables by hand
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Yes, I agree Joint stock company is an improvement over other forms of business organization.
Explanation:
• Transferability of interest
The shares in the company are freely transferable.
• Debts
The members of the company are not personally liable for its contracts and debts.
• Dissolution
A company has perpetual succession so no personal circumstances affecting a member such as death may affect its existence.
• Insolvency and winding up of company.
The winding up of an insolvent company does not make the members solvent.
To know more:
Explain any four advantages of a joint stock company
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