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WorksheetsForms Of Ownership: Grade 10
Total questions: 15
Worksheet time: 15mins
Which one of the following is relevant to a Sole Trader...
[UND]
Theres two or more owners.
No registration is required.
The business name ends with CC.
Owners are only restricted to 10.
Which form of ownership is best described by the following statement.
Khanyisa owns Khanyi's spaza shop operating in khayelitsha and keeps all the profits.
[APP]
Partnership
Close Corporation
Sole Trader
Public Company
another term/s for Unlimited Liability is...
[APP]
Personal Liability company.
Close Corparation
Public Company
Drager (Pty) ltd
Public company offers their shares on the :
[UND]
MJA
JSA
JSE (Johannesburg security exchange)
JSE (Johannesburg shares exchange)
This type of ownership is very popular amongst proffesional people like doctors and lawyers.
[EVA]
Close corporation
Private company
Public company
Partnership
Public company is only appropriate for?
[REM]
Small businesses
Many businesses
Few businesses
Very large businesses
"The management structure is simple and easily adapt to change that occur in the market" This is applicable to :
[EVA]
Partnership
Sole trader
Public companies
Close corporation
This type of ownership does not require legal document but only requires partnership agreement.
[CRE]
Partnership
Close corporations
Private
Sole trader
This form of ownership has its own legal identity....
[APP]
Private Company
Public Company
Partnership
Close Corporation
In partnership each partner can contribute :
[UND]
Only funds to the partnership
Only capital and funds
Skills, knowledge, funds, capital goods and capital
Capital goods
......is a disadvantage of a partnership?
[UND]
Ease of formation
Limited liability
Possibility of personal conflict
Owners share responsibility
What kind of business is best described by this statement: "I am the only owner of my business and I keep all the profits"
[EVA]
Partnership
Corporation
Sole proprietor
Private company
What type of business consists of two or more people?
[ANA]
Sole proprietor
Partnership
Corporation
Public
what are the types of parttnerships?
[ANA]
general and limited partnership.
financial and unlimited partnership.
contract and limited partnership.
2 member partnership.
civilised partners.
What does Pty Ltd in a partnership mean?
[UND]
Propierty Limited
Property Limited
Personal Liabilities
Private Legacy
