Page 6 - Lesson Notes 7
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5. Company is a ________ person, as it is managed by Board of directors.
3—4 MARK QUESTIONS:
1. State the main characteristics of a joint stock company.
2. Why is company form of organization preferred to other forms?
3. State any three differences between company and cooperative society.
4. A company tends to have oligarchic management. Mention the aspect of the company
with which this statement is related and explain three more points of this aspect.
5—6 MARK QUESTIONS:
1. Whatis the meaning of Joint Stock Company and explain what the advantages for
starting a company business are.
2. Due to some disadvantages of partnership business, company business form of
organization came into existence. So write differences between above these two types of
business organization.
