Forms of Ownership (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 does legal personality mean for a business?
What does legal personality mean for a business?
It can sign contracts & be sued in court
What is an audit?
What is an audit?
Independent exam of financial records
Who chooses directors to run a company?
Who chooses directors to run a company?
Shareholders
What are shares in a company?
What are shares in a company?
Portions of ownership in a company
What is a sole trader?
What is a sole trader?
Single-person business
How many people own a partnership?
How many people own a partnership?
Two or more people
Can private companies sell shares to the general public?
Can private companies sell shares to the general public?
No, ownership is restricted
Where can public companies sell their shares?
Where can public companies sell their shares?
On the stock exchange to anyone
What is the purpose of non-profit companies?
What is the purpose of non-profit companies?
To serve a social purpose
Which ownership form works well for small operations?
Which ownership form works well for small operations?
Sole traders