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Question Practice

What does 'limited liability' mean for shareholders in a joint stock company?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Business Studies
Business Studies
Forms of Business Organisation
Question Bank

What does 'limited liability' ...

Single Answer MCQ
Q-00064466

What does 'limited liability' mean for shareholders in a joint stock company?

1

They can lose all their personal assets

2

Their financial risk is limited to the amount invested in shares

3

They are personally liable for the company's debts

4

They do not have to pay back any loans

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