Community Organisations: Incorporation

Community Organisations: Incorporation

10th Grade

11 Qs

quiz-placeholder

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Community Organisations: Incorporation

Community Organisations: Incorporation

Assessment

Quiz

Business

10th Grade

Medium

Created by

Sian Pearson

Used 5+ times

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11 questions

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1.

DRAW QUESTION

2 mins • Ungraded

Draw an example of a community organisation you know or are a part of.

Media Image

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the benefit of incorporation for club members?

Limited liability for club debts

Unlimited liability for club debts

Personal financial profit from contracts

Ownership of club assets

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is limited liability?

The community organisation doesn't need to pay its all its debts

The community organisation only has a few debts

The members of the organisation have to pay the organisation's debts with their personal assets

The members of the organisation do not need to use personal assets to pay the organisation's debts

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many members are required to apply for registration when incorporating a club?

20 members

15 members

10 members

5 members

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a NOT requirement for an incorporated club?

To file financial statements annually with the Registrar of Incorporated Societies

Maintaining a list of club members

A set of rules stating the purpose(s) of the club and how its activities will be managed

A registered address

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Because incorporated clubs are treated in law as if they were a separate person, they can...

Enter contracts to benefit individual members

Avoid entering contracts

Enter contracts to benefit the club

Enter contracts for personal financial gain

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of loan can members provide to an incorporated club?

Mortgage

Debentures

Personal loan

Business loan

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