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Questions and Answers
What is the primary characteristic of a joint-stock company?
What is the primary characteristic of a joint-stock company?
- Unlimited liability for the shareholders
- Ownership by a single individual
- Restriction on the transfer of shares
- Limited liability for the shareholders (correct)
How does a joint-stock company raise capital?
How does a joint-stock company raise capital?
- By issuing shares of stock to investors (correct)
- By issuing bonds to external investors
- By relying solely on government grants
- By obtaining loans from other companies
What is a joint-stock company?
What is a joint-stock company?
- A company that issues shares of stock to multiple shareholders (correct)
- A company owned by a single shareholder
- A company that operates without any shareholders
- A company that only issues bonds to raise capital
What is an advantage of a joint-stock company for investors?
What is an advantage of a joint-stock company for investors?
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