A disadvantage of a joint-stock company is?

A. unlimited liability
B. limited liability
C. lack of continuity when a shareholder dies
D. limited control in management by shareholders

Correct Answer:

Option D – limited control in management by shareholders

Explanation

The owners of the business ( shareholders) have little or no say in the affairs of the business, while the people at the helm of affairs who are not the owners may not put in their best.