Q. Consider the following statements about a joint-stock company:1. It has a legal existence.2. There is limited liability of shareholders.3. It has a democratic management.4. It has a collective ownership.Which of the statements given above are correct?
A) 1, 2 and 3 only
B) 1 and 2 only
C) 1, 2, 3 and 4
D) 3 and 4 only
✔ Correct Answer: 1, 2, 3 and 4
Exam Insight
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