A joint stock company and partnership form of organisations can be compared as under: Comparison # Joint Stock Company: 1. It has a separate legal entity, having its existence separate from its shareholders. 2. It may consist of any number of members. 3. Shares can be transferred to others without the consent of anybody. 4. It invests according to memorandum [...]
This article will help you to make comparison between over-capitalisation and under-capitalisation. Comparison # Over-Capitalisation: This state of affairs for a concern occurs where the amount of the shares issued is much in excess of actual requirement, and thus the rate of profit, i.e., the dividend rate will be too low to allow the shares to sell at par value. [...]
After reading this article you will learn about the similarities and dissimilarities between management and administration. Similarities between Management and Administration: Authors like Chester Bernard, George R. Terry, Koontz and O'Donnell etc. do not distinguish between 'management' and 'administration'. According to them, two terms are the same. The difference is not in their meaning, but in their application. Administration and [...]