Forms of Ownership (Grade 11 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What does unlimited liability mean for a sole proprietor?
What does unlimited liability mean for a sole proprietor?
Personal assets can be used to pay debts
What is the maximum number of members allowed in a Close Corporation?
What is the maximum number of members allowed in a Close Corporation?
Ten members
Which designation must appear at the end of a private company's name?
Which designation must appear at the end of a private company's name?
(Pty) Ltd
What is unique about directors in a Personal Liability Company?
What is unique about directors in a Personal Liability Company?
They are personally responsible for debts
In a partnership, what happens if one partner creates debt without consulting others?
In a partnership, what happens if one partner creates debt without consulting others?
All partners are legally responsible
Which of these is an example of a state-owned company?
Which of these is an example of a state-owned company?
Eskom
What must a non-profit company do with any profits it earns?
What must a non-profit company do with any profits it earns?
Use them to advance its objectives
Can a private company sell shares to the general public?
Can a private company sell shares to the general public?
No, it cannot sell to the public
On which stock exchange can public companies in South Africa list their shares?
On which stock exchange can public companies in South Africa list their shares?
Johannesburg Securities Exchange (JSE)
What does double taxation mean for a private company?
What does double taxation mean for a private company?
Tax on profits plus tax on dividends