WorksheetsBusiness Forms of Ownership
Total questions: 10
Worksheet time: 5mins
How many forms of Ownerships are there?
10
6
8
9
Is managed by three or more directors
Public Company
Personal Liability Company
Partnership
Private company
Partnership is ...
Managed and owned by one person
When there are no shared profits
An Agreement between two/ more people who combine their capital and resources toward common goal
All of the above
A State-owned Company is ...
Is a business that sells its shares to other businesses
Owned by Elon Musk
A company that is owned by two people and share legal costs
A registered company that is legally owned by the state or municipality
Advantage of Sole Proprietor.
Can still continue should one die
Is difficult to set up and run
Owner can sell the business to anyone and at anytime
Lacks continuity should the owner dies
Board of directors are appointed by the government
MACRO ENVIROENVIRONMENT
CO-OPERATIVE
STATE OWNED-COMPANY
NON-PROFIT COMPANY
WHICH ONE IS NOT A PRINCIPLE OF CO-OPERATIVE
Member economic participation
self-help
Autonomy and independence
Concern for community
Democratic member control
A registered business with membership of 1 - 10 persons
Co-operatives
Partnerships
Personal Liability Company
Close Corporation
People who complete and lodge the documents necessary for the registration of company
Incorporators
Legal persons
Natural persons
Securities
CORPORATE GOVERNANCE
Concerns the suitability of firms of companies
Is all about being right in the eyes of the boss
Protecting the company's government
Concerns transparency and Accountability
