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3 October, 01:43

Global Shipping Corporation and Harbor Warehouse Company transfer their property toInvestment Managers, Inc., which manages the property and distributes the profits to GlobalShipping and Harbor Warehouse. This form of a business organization is

(A) a business trust.

(B) a joint stock company.

(C) a joint venture.

(D) a syndicate.

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Answers (1)
  1. 3 October, 01:58
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    Answer: (B) a joint stock company.

    Explanation:

    A joint stock company is a type of organization owned by a group of individuals known as investors or shareholders who have share of stock in a business.

    In this type of business, shareholders are free to transfer their shares to someone else and without affecting the existence or survival of the business.

    Advantages of Joint Stock Company.

    1. They are transferable.

    2. They have access to larger capital.

    3. They are legal entities meaning they can sue and be sued.

    4. They enjoy tax benefit.

    5. Risk is diffused.

    6. Ability to adopt new technologies.

    7. They have large capita base.

    8. They are highly stable etc.
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