Choose all that are appropriate as a description of a (joint) stock company. 1. O 2. The establishment of a stock company requires parliamentary approval. The stock company is, by design, suited to collect small investments from a large number of people. The management of a stock company may be entrusted to professionals. The managers of a stock company is collectively liable to the business counterparts of the company. 5. High-ranking officers of a stock company must hold equity in that company