Chapter 4: Business Ownership

A statutory board is formed by an Act of _____________________ and is controlled by a board of directors nominated by the ____________________________ in charge

• Civil Law, manager

• Parliament, minister

• Communication, supervisor

• Anti-Money Laundering, minister

Which of the following statements on private limited company is TRUE?

• It has the right to transfer its shares

• It is also known as sole proprietorship

• It is fully controlled by the government

• It disallows invitation to public to subscribe share and debentures

Partnership can be formed by a maximum of ________________

• two individuals

• three individuals

• twenty individuals

• fifty individuals

Which of the following is a limitation of running a small business?

• Bureaucratic red tape

• Laborious decision making

• Success depends on the owner

• Difficult to maintain relationship between staff and management

Match the following image with the CORRECT business ownership

• Private limited company

• Public limited company

• Public corporation

• Statutory board

Match the following image with the CORRECT business ownership

• Public limited company

• Private limited company

• Statutory board

• Public corporation

Match the following image with the CORRECT business ownership

• Sole trader

• Private limited company

• Partnership

• Public limited company

Match the following image with the CORRECT business ownership

• Statutory board

• Public corporation

• Public limited company

• Partnership

Match the following image with the CORRECT business ownership

• Sole trader

• Franchise

• Private limited company

• Partnership

Match the following image with the CORRECT business ownership

• Sole trader

• Franchise

• Private limited company

• Partnership