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Business Studies

Methods of Floatation

The form of c...

Question

The form of commercial organisation suitable to carry on large scale business is called ______________.

A

Joint stock company

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B

Co-operative society

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C

Partnership firm

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D

None of these

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Solution

The correct option is B Joint stock company
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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