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WorksheetsForms of Ownership
Total questions: 12
Worksheet time: 6mins
The form of ownership established by a group people who agree to work together for mutual economic benefit.
Close Corporation
Co-operative
Non-Profit Organisation
An invitation by a company to the public to buy shares.
Debenture
Share
Dividend
Prospectus
The current and past directors of a __________ company are jointly and severely liable for the debts of the company.
Partnership
Personal Liability Company
Private company
State-owned company
Browns Architects Inc. is an example of a ________
State-owned company
Non-Profit company
Co-operative
Personal Liability Company
This document specifies the main activities of a public company:
MOI
Founding statement
Unlimited liability means …
owners' personal assets are protected in the event that the
business becomes insolvent.
owners stand to lose their personal assets in the event that the
business becomes insolvent.
owners cannot lose more than what they have invested in the
business in the event that the business becomes insolvent.
owners are not entitled to share in the profits of the business.
Denel SOC Ltd manufactures defence equipment and has only one shareholder, the South African government. Denel is therefore a …company.
non-profit
personal liability
state-owned
private
The owners of this type of ownership are taxed only in their personal capacity.
Private company
Partnership
Close Corporation
Public company
A state-owned company has ...
limited liability and limited continuity.
unlimited liability and unlimited continuity.
limited liability and unlimited continuity.
unlimited liability and limited continuity.
Identify the form/s of ownership that is registered at the CIPC (Commission for Intellectual Properties and Companies).
Partnership
Closed Corporation
Co-operatives
State owned company
This form of ownership is founded by at least five members and registered at the CIPC.
Partnership
Co-operative
Non-profit company
Close Corporation
AK and Sons is an example of a …….
private company
close corporation
personal-liability company
partnership
