What is a joint stock company?
A) a large number of shareholders that come together to provide funding for exploration and colonization
B) a large number of stockholders that come together to provide funding for evangelization
C) a state government that provides financial subsidies to one company that has a monopoly on exploration and colonization
D) a state government that funds an international coalition of stockholders to provide resources for colonization and exploration
E) a group of stock companies that work together in achieving goals for colonization and exploration

Question

Quizplus · Accepted Answer

A joint stock company is a business entity where multiple individuals come together to invest in the company and own shares in it. This type of company was commonly used in the 17th and 18th centuries for exploration and colonization efforts, such as the British East India Company and the Dutch East India Company.

What Is a Joint Stock Company