Maharashtra State BoardHSC Commerce 12th Board Exam
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State with Reasons Whether the Following Statement True Or False. the Ownership and Management Are Not Separate in Joint Stock Company. - Organisation of Commerce and Management

MCQ
True or False

State with reasons whether the following statement true or false.

The ownership and management are not separate in Joint stock company.

Options

  • True 

  • False 

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Solution

The ownership and management are not separate in Joint stock company: False
Explanation: The ownership and management are separate in a joint stock company. While the ownership lies in the hands of the shareholders, the management lies in the hands of the directors.

Concept: Choice of Form of Business Organization
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APPEARS IN

Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 1 Forms of Business Organisations
True or false | Q 7 | Page 39
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