Forms of Business Organisations

The form of business operated by two (2) or more persons

• Sole trader

• Public limited company

• Partnership

• Private limited company

The business is owned and operated by one (1) person

• Proprietorship

• Sole Proprietorship

• Sole Proprietorship

• Soul Proprietorship

Some owners have unlimited liability

• Sole trader

• Partnership

• Business

• Organisation

Which of the following images represent a Sole Trader business?

• 
• 
• 
• 

One advantage of a Co-operative business is that members work for themselves and make shared decision.

• True

• False

There are ___ basic forms of business organisations.

• 8

• 4

• 5

• 3

Companies can be ________ or _________

• Private, Public limited 

• Private, Public unlimited 

• Co-operative,  Partnership

• Individual, General

This type of company has a maximum of fifty (50) shareholders

• Public Limited

• Private Limited

• Public Unlimited

• Private Unlimited

The decision making process is slow for all the following forms of business organisations EXCEPT:

• Companies

• Partnerships

• Co-operatives

• Sole trader

Which of the following benefit from limited liability protection?

• Sole trader

• Partners in an ordinary partnership

• Shareholders in a private limited company

• Shareholders in a public limited company