Draw an example of a community organisation you know or are a part of.
Community Organisations: Incorporation

Quiz
•
Business
•
10th Grade
•
Medium
Sian Pearson
Used 5+ times
FREE Resource
11 questions
Show all answers
1.
DRAW QUESTION
2 mins • Ungraded

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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