Which of the following business organizations is likely to experience disagreements between management and shareholders?

A. co-operative society
B. sole trader
C. partnership
D. joint-stock company

Correct Answer: Option D

D. joint-stock company

Explanation

A joint-stock company is a company whose stock is owned jointly by the shareholders.

A joint-stock company is a business entity in which shares of the company’s stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, as evidenced by their shares.