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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

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Question

State with reasons whether the following statement true or false.

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

Options

  • True 

  • False 

MCQ
True or 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.

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Chapter 1: Forms of Business Organisations - True or false [Page 39]

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