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A special and by far less common form of joint-stock companies, intended for companies with a large number of shareholders, is the publicly traded joint-stock companies, called allmennaksjeselskap and abbreviated ASA. A joint-stock company must be incorporated, has an independent legal personality and limited liability, and is required to have ...
The context for Adam Smith's term for "companies" in The Wealth of Nations was the joint-stock company. In the 18th century, the joint-stock company was a distinct entity created by the King of Great Britain as Royal Charter trading companies. These entities were sometimes awarded legal monopoly in designated regions of the world, such as the ...
Control over a corporate colony was granted to a joint-stock company, such as the Virginia Company. Virginia, Massachusetts, Connecticut and Rhode Island were founded as corporate colonies. New England's corporate colonies were virtually independent of royal authority and operated as republics where property owners elected the governor and ...
A joint-stock company is a company owned by several, generally private, investors. They’re an in-between creation, held more closely than a public company but more widely traded than a partnership.
A shareholder benefit (株主優待, kabunushi yūtai) is an incentive system offered by a joint-stock company to its shareholders who own a certain number of stocks on the date of right allotment . Overview
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Section II is the free-response section, in which examinees write two essays. Section II, part A, is a document-based question (DBQ), which provides an essay prompt and seven short primary sources or excerpts related to the prompt. Students are expected to write an essay responding to the prompt in which they use the sources in addition to ...