Criteria for Evaluating Success and/or Failure (Grade 12 NSC Matric Business Studies): Flashcards
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Practise the cards
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Number of criteria for evaluating business ownership forms
Number of criteria for evaluating business ownership forms
Five essential criteria
The 5 criteria for evaluating business ownership
The 5 criteria for evaluating business ownership
Tax, management, capital, profit division, legislation
Tax implications criterion focus
Tax implications criterion focus
How the business is taxed by government
Management structure criterion focus
Management structure criterion focus
Decision-making processes and leadership
Capital acquisition criterion focus
Capital acquisition criterion focus
Funding for operations, growth, and expansion
Capital access impact on business
Capital access impact on business
Survival, effective competition, sustainable growth
Division of profits criterion focus
Division of profits criterion focus
How earnings are shared among owners and stakeholders
Effect of profit division on business
Effect of profit division on business
Affects motivation levels and overall performance
Legislation and legal requirements criterion focus
Legislation and legal requirements criterion focus
Legal framework governing different ownership forms
Approach to evaluate any ownership form
Approach to evaluate any ownership form
Systematically work through each criterion using questions