Concept:In a joint-stock company, ownership is separated from day-to-day management.
Explanation:Shareholders own the company through shares, but they do not directly run its daily operations.
The board of directors and professional managers handle management.
Individual shareholders, especially small ones, have very little control over business decisions.
This limitation of control is a major disadvantage.
Limited liability and continuity of existence are advantages of a joint-stock company, not disadvantages.
Answer:D. limited control in management by shareholders