Question

In which business organisation the advantage of availability of more financial resources and continuity of business is available?

Answer 1

COMPANY FORM OF ORGANISATION

In the company form of organisation availability of more resources is an advantage since the number of members are more & also the capital contributed by each member is also helpful.

Regarding continuity of business it works on going concern concept i.e a company can run as long as until it has reached a state of liquidation. The company won't end with the death of any member or instability of any member unlike the partnership & sole proprietary firms.

Answer 2

Joint Stock Company

Explanation:

• The joint stock company (an incorporated & voluntary association of individuals) has become the dominant form of ownership for large scale companies because it allows for the collection of huge financial and management resources with limited liability, common seal, a distinctive name, and continuity of operations (perpetual succession).
• The life of a business is eternal. It still remains as a entity even though all of its members leave/die. Due to its stable nature, a company is ideally suited for these businesses which require a long time to mature & develop
• Company form of ownership enables the collection of huge financial resources. The stock of a corporation is split into small shares, and people can even purchase it by limited means. Various types of bonds can be sold in order to draw various categories of investors. The number of participants of a public corporation is not limited.

To know more

The ownership and management are not separate in Joint stock ...

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