The most important advantage of a joint stock company form of business organization is that _________.

A. the liability of its member is limited

B. members can conveniently transfer their shares

C. it offers infinite scope for expansion

D. it mobilizes vast amount of financial resources

Answer: Option B

Solution(By Examveda Team)

The most important advantage of a joint stock company form of business organization is that members can conveniently transfer their shares. The shares of a company are transferable. Also, in the case of a listed public company they can also be sold in the market and be converted to cash.