Question

Discuss oligarchic management and lack of secrecy as limitations of a company

Answer 1

Answer:

Lack of secrecy: Maintaining secrecy is the most difficult part in any Joint Stock Company. Every matter has to be discussed in the board.When there is a lack of capital in a joint stock company it can issue the shares to the ... So, it has demerits of lack of secrecy. ... Management oligarchy means the rule of the minority