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WorksheetsForms of ownership
Total questions: 15
Worksheet time: 8mins
What is the minimum amount of partners a partnership can have?
1
2
10
20
Which form of ownership ends with Ltd?
Closed corporation
Private company
Public company
State owned company
Which form of ownership doesn't have limited liability?
Closed corporation
Private company
Public company
Partnership
Which form of ownership is not seen as a legal entity?
Closed corporation
Private company
Public company
Sole trader
Which form of ownership can sell shares to the general public?
Closed corporation
Private company
Public company
Sole trader
Keeping all profits of the business can be an advantage of which form of business?
Closed corporation
Private company
Partnership
Sole trader
If a one of the partners decide to leave, retire what happens?
It will continue
It will close down
Nothing will change
A company must be formed
What is the minimum amount of directors a private company can have?
1
2
10
20
Who manage companies?
Shareholders
Owners
Directors
Managers
Who are the owners of companies?
Shareholders
Owners
Directors
Managers
Select the correct form of ownership for the business below:
Hair by Paige
Sole trader
Partnership
Closed corporation
Public company
Private company
Select the correct form of ownership for the business below:
Mpumi and Kobe Accountants
Sole trader
Partnership
Closed corporation
Public company
Private company
Select the correct form of ownership for the business below:
Jemma HR CC
Sole trader
Partnership
Closed corporation
Public company
Private company
Select the correct form of ownership for the business below:
Of the Walk way Ltd
Sole trader
Partnership
Closed corporation
Public company
Private company
Select the correct form of ownership for the business below:
Ethan Consulting Pty Ltd
Sole trader
Partnership
Closed corporation
Public company
Private company
