【单选题】In the last half of the nineteenth century 'capital' and 'labour' were enlarging and perfecting their rival organisations on modern lines. Many an old firm was replaced by a limited liability company ...
A.
They were spoiled by the younger generations.
B.
They lacked the efficiency that modem companies had.
C.
They declined in absence of individual initiative.
D.
They ran the business for the benefits of both shareholders and taxpayers.