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NextQ12

If an entrepreneur pays special focus on one element of business plan that ensures the orderly flow of materials from raw material to finished product with a proper system of quality control and believes in 'work your plan', then identify the component of the business plan that the entrepreneur is following:

Joint Stock CompanyStudy Simplify SpecialPYQ1MCQMatch
Question 11

Match the following characteristics of a joint stock company as given in Column I with the meaning as given in Column II:

| Column I | Column II | | --- | --- | | Artificial Person | It has an independent status separate from its members | | Separate legal entity | The liability of the shareholders is limited to the extent of the amount of shares held | | Limited Liability | It can be terminated as per the Companies Act | | Winding up | It is treated by law and has a distinct personality of its own |

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