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प्रश्न
Why are joint stock companies better suited for large-scale production than partnerships?
पर्याय
Joint ownership of property.
Larger capital resources and professional management.
Direct involvement of shareholders in management.
Fewer legal requirements for incorporation.
MCQ
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उत्तर
Larger capital resources and professional management.
Explanation:
Joint stock companies can raise significant funds by issuing public shares and hire expert managers, making them better suited for large-scale production compared to partnerships.
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