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What advantage of a joint stock company is highlighted in this image showing a boardroom meeting of directors? - Commercial Applications

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Question

What advantage of a joint stock company is highlighted in this image showing a boardroom meeting of directors?

Options

  • Limited Liability

  • Efficient Management

  • Legal Formalities

  • Lack of Motivation

MCQ
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Solution

Efficient Management

Explanation:

A joint stock company is managed by an experienced Board of Directors. Their collective expertise ensures better planning, decision-making, and effective management of company affairs.

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Chapter 4: Ownership Structures - Joint Stock Company - EXERCISES [Page 54]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 4 Ownership Structures - Joint Stock Company
EXERCISES | Q I. 26. | Page 54
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