WAEC - Economics (2015 - No. 21)
which of the following business organisations is likely to experience disagreements between management and shareholders
co-operative society
sole trader
partnership
joint-stock company
Explanation
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, evidenced by their shares.