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Question
The form of commercial organisation suitable to carry large scale business is Joint stock company.
The form of commercial organisation suitable to carry large scale business is Joint stock company.
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Solution
The correct option is A True
The large scale business can be easily carried out by Joint stock company as capital can be easily accumulated by inviting subscriptions from the general public in the form of shares and companies have a long and stable life i.e. perpetual succession.
The large scale business can be easily carried out by Joint stock company as capital can be easily accumulated by inviting subscriptions from the general public in the form of shares and companies have a long and stable life i.e. perpetual succession.
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