23

What feature of a corporation made it different from a joint-stock company?

A. elected officers

B. shared ownership

C. royal charter

D. limited liability

B. Shared ownership is the feature.

Explanation:

A corporation means organization which usually includes a group of people or a company legally authorized by the state to act as a single entity and recognized as such in law for certain purposes. A company of joint stock refers a business entity where the company's shares in stock can be distributed to public by management.

There are many tax benefits and lessens the burden of the business in shared ownership. In shared ownership, the members can be easily subjected to misunderstanding.

limited liability