Question

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? ​

Answer 1

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

Answer 2

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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