WORLD HISTORY

Detailed explanation-1: -A joint-stock company is a business owned by its shareholders, who can buy and sell shares freely. Historically, the shareholders of a joint-stock company could bear unlimited liability for debts owed by the company.

Detailed explanation-2: -Partnerships–General and Limited Each partner contributes money, property, labor, or skill; each shares in the profits and losses of the business; and each has unlimited personal liability for the debts of the business.

Detailed explanation-3: -Answer and Explanation: A business owned by stockholders is known as a corporation. The corporation is a separate entity from the stockholders, and this protects them from having their assets on the line for the business’ liabilities as stockholders are only able to lose the amount that they put in.

Detailed explanation-4: -The terms stockholder and shareholder both refer to the owner of shares in a company, which means that they are part-owners of a business. Thus, both terms mean the same thing, and you can use either one when referring to company ownership.