A joint stock company enjoys perpetual existence because

Economics

WAEC 2023

A. there is a higher degree of specialization
B. it is a corporate entity
C. it is formed by a minimum of seven members
D. its shares are easily

WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709

WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995

Correct Answer: Option B

Explanation

A joint stock company enjoys perpetual existence because it is a corporate entity. This means that the company is a legal person separate from its members. As a result, the company can continue to exist even if the members change or die.

Previous Next

Go back to Econs classroom

Report an Error Ask A Question Download App

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

write out the name of the student that started cultism? Answer this

1 Answers · Economics · 3 hours ago
f(x)=x+1/2,find f-1(-2)? Answer this

1 Answers · 3 hours ago
May/ June waec question 2012 no.12? Answer this

1 Answers · Physics · 5 hours ago

A joint stock company enjoys perpetual existence because

Correct Answer: Option B

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In