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A disadvantage of a jont-stock company is

Economics
JAMB 2022

A disadvantage of a jont-stock company is

  • A. unlimited liability
  • B. limited liability
  • C. lack of continuity when a shareholder dies
  • D. limited control in management by shareholders
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Correct Answer: Option D
Explanation

The owners of the business ( shareholders) have little or no say in the affairs of the business, while the people at the helm of affairs who are not the owners may not put in their best.

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Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
Join your school's WhatsApp group
Project Topics and Materials, Post-UTME past questions - Download now or upload yours to get paid