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Chinese Revolution

The homeland ...

Question

The homeland of Joint Stock Company form of organisation is _________.

A

India

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B

England

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C

Russia

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D

America

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Solution

The correct option is B England
The homeland of joint stock company form of organisation is England because the idea for the creation of this form of business organisation derived from England.

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A Joint Stock Company is a form of commercial organisation owned by large number of investors (shareholders).

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Q. The form of commercial organisation suitable to carry large scale business is Joint stock company.

Q. State whether the following statements are True or False:
(a) A joint stock company is separate legal entity.
(b) A company survives even if all its members die.
(c) A joint stock company is a voluntary association of persons.
(d) A joint stock company is less stable than a partnership.
(e) Registration of a joint stock company is optional.
(f) There can be no conflict of interest in a joint stock company.
(g) A company is an artificial legal person.

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