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Question
The board of directors of a joint-stock company is elected by ______.
Options
General public
Government bodies
Shareholders
Employees
MCQ
Fill in the Blanks
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Solution
The board of directors of a joint-stock company is elected by shareholders.
Explanation:
People who own shares in a joint stock company choose the Board of Directors at the Annual General Meeting (AGM).
- People who own shares in a company own it.
- The shareholders agree to choose directors who will run the business for them.
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Concept of Sole Proprietorship Or Sole Trader
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Chapter 17: Various Business Entities - EXERCISES [Page 254]
