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5 February, 00:25

Which best describes a joint-stock company?

A. a company that sells stock in both gold and silver mines

B. a company owned by investors who share the profits

C. a company that sells stock to the public in a stock exchange

D. a company owned by several federal governments

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Answers (1)
  1. 5 February, 03:41
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    B) A company owned by investors who share the profits describes a joint-stock company.

    Explanation:

    A Joint-stock company is a kind of firm that is owned by its shareholders. Shareholders are the people who have invested in the firm. Joint-stock companies gather capital through investment from the shareholders and then use this capital for research and development purposes. The profit that the company gains are also shared with the investors by increasing their share value in the company's stock.

    Hence, we can say that a joint-stock company is owned by investors who share profits of the company and alternative B is correct about joint-stock companies.
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