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Question
The merit of a joint company is:
Options
Continuity of Existence
Capital Formation
Limited Liability
All of these
MCQ
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Solution
All of these
Explanation:
The merits of a joint stock company include its long-term existence, which is unaffected by changes in membership, its limited liability, which protects shareholders personal assets, and its capacity to obtain large amounts of money through share issuance.
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