Business Studies · Forms of Business Organisations
Which of the following best describes a Joint Stock Company?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A partnership firm where all partners have equal liability and shares cannot be transferred
- 2A business entity where capital is contributed by multiple individuals in exchange for transferable shares✓
- 3A voluntary association of people for promoting cultural activities without capital investments
- 4A business owned and managed entirely by a single individual with unlimited liability
Correct answer
A business entity where capital is contributed by multiple individuals in exchange for transferable shares
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