i. The liability of shareholders of a public limited company is limited. ii. A Joint Stock company has a long and stable life.

Question

State whether the following statements are True or False:

i. The liability of shareholders of a public limited company is limited.

ii. A Joint Stock company has a long and stable life.

iii. There is no separation of ownership and management in a Joint Stock company.

iv. Board of Directors manages the Company.

Answer 1

i. True

ii. True

iii. False

iv. True