WAEC Economics 2023 Objective — Question 23
Question 23 of 50 from the West African Examinations Council (WAEC) Economics 2023 Objective paper, with the correct answer and a full explanation.
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A joint stock company enjoys perpetual existence because A. it is formed by a minimum of seven members. B. it is a corporate entity. C. its shares are easily transferable. D. there is a higher degree of specialization.
- A. it is formed by a minimum of seven members
- B. it is a corporate entity
- C. its shares are easily transferableCorrect
- D. there is a higher degree of specialization
Explanation
The easy transferability of shares of a joint stock company is a key reason it enjoys perpetual/continuous existence even as owners change.
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