Contribution of Each Form of Ownership to Success/Failure (Grade 12 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What type of liability do sole traders have for business debts?
What type of liability do sole traders have for business debts?
Unlimited liability
Which entity pays income tax in a partnership?
Which entity pays income tax in a partnership?
Each partner individually
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
What suffix must appear at the end of a private company's name?
What suffix must appear at the end of a private company's name?
(Pty) Ltd
What meeting are public companies legally required to hold?
What meeting are public companies legally required to hold?
Annual General Meeting
What suffix identifies a personal liability company?
What suffix identifies a personal liability company?
INC
What suffix must state-owned company names end with?
What suffix must state-owned company names end with?
SOC
What is the main aim of non-profit companies?
What is the main aim of non-profit companies?
To provide service, not make profit
How many votes does each member have in a co-operative?
How many votes does each member have in a co-operative?
One vote regardless of investment
What is double taxation in private companies?
What is double taxation in private companies?
Company and shareholders both pay tax