Business Studies · Forms of Business Organisation
Which form of business organization is characterized by a statutory framework, a separate legal entity status, and liability of members generally limited to the value of shares held?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Joint Stock Company✓
- 2Hindu Undivided Family (HUF)
- 3Partnership Firm
- 4Sole Proprietorship
Correct answer
Joint Stock Company
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