Q148
The most important advantage of a joint stock company form of business organization is that _________.
A.
the liability of its member is limited
B.
members can conveniently transfer their shares
AnswerC.
it offers infinite scope for expansion
D.
it mobilizes vast amount of financial resources
Answer: Option B
Solution
Answer: Option B
Solution:
The most important advantage of a joint stock company form of business organization is that members can conveniently transfer their shares. The shares of a company are transferable. Also, in the case of a listed public company they can also be sold in the market and be converted to cash.