Forms of Ownership
Authored by Jacobus Boshoff
Business
10th Grade
Used 9+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The form of ownership with (Pty) Ltd as part of the business name:
A public company
private company
state-owned company
close corporation.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form of ownership with 1-10 members:
partnership
private company
close corporation
public company.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form of ownership with unlimited liability:
close corporation
state owned company
sole trader
private company.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The owners in a private company:
1
1-20
2-20
no limit.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A form of ownership with limited liability:
close corporation
private company
public company
all of the above.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A document needed in the formation procedure of a company according to the new Companies Act (2008):
partnership articles
memorandum of association
founding statement
articles of association.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This refers to the ability of the business to carry on after the death or retirement of one or more owner.
legal personality
liability
continuity
all of the above.
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