Consider the following statements about a joint-stock company.
1It has a legal existence.
2There is limited liability of shareholders.
3It has a democratic management.
4It has collective ownership.
Which of the statements given above are correct?

Question

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 collective ownership.
Which of the statements given above are correct?

Accepted Answer

(D) 1, 2, 3 and 4

Answer

(A) 1 and 2

Answer

(B) 1, 2 and 3

Answer

(C) 3 and 4