joint-stock company form of business in which a group of investors shared profits and losses.
Option D is correct
What is a joint-stock company ?
In a joint stock company, the ownership is divided into transferable units known as shares. In case of a public company the shares can be transferred freely, there are almost no restrictions.
How did a joint-stock company work?
A joint-stock company is a business that is owned by its investors. The shareholders buy and sell shares and own a portion of the company. The percentage of ownership is based on the number of shares that each individual owns
What are the objectives of joint stock company?
The purpose of a joint-stock company is to raise capital. By selling ownership shares, the company raises money that it might otherwise not be able to get from its founders or business operations
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