Forms of Ownership
Authored by Sineliso Blessing
Business
8th Grade
Used 1+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is capital in a business?
2.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the concept of legal personality in a business.
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What is continuity in a business and why is it important?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
Describe the concept of liability in a business and its implications.
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the taxation process for different forms of ownership in a business.
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the characteristics of a sole trader in terms of ownership?
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss the advantages and disadvantages of being a sole trader.
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