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Question on: JAMB Economics - 2022

A disadvantage of a jont-stock company is

unlimited liability

limited liability

lack of continuity when a shareholder dies

limited control in management by shareholders

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Correct Option: D

Option D is the correct answer.

Shareholders, who own the business, have limited or no influence on its affairs, while those who are in charge of running the business but do not own it may not do their jobs well.

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