1 Business Have
1 Business Have
1= what are the deffirent types of business organization that can be classified
2= what are classificiation of business organization based on ownerships
S= Explain private and pubilio sector business orgauration
4=Differentiate between profit organization and non propet organization
The owner are individuals who proticle founds for abwiness on sume rou nuulsing it
can be catagories imlerms of ownership
Define the following terms
1= Sole propreitorship 2= partnership 3=incorporate Companies 4= State Cooperation
Answ=1=Sole proprietorship it a business owner by individual
2=partnership: the partnership among persons Conducting business in comman to earn
profit
3=Incorprate companies the firm is regutered unders so much act of companies with
degal personality.
4=department are the institutions that will be directly and en tirely governed by
the government under ministry
2= what are the characteristics of the following"
1= Sole propertorship 2= partnership
3=incorporate companies 4=state cooperation
Answ=C1= No legal personality 2=no continued existance 3=no mandantary to regist
3= What are the advantage and disadvantage of the following
1= Sole proprietorship 2=paritnership
3=In corporate Companies 4=state cooparation
Answ=Characteristics of partnership.
1= number of members. partnership they shoud be minimum
2= person and maximem 20 persons to start partnership
3= partnership agreement the partnership Comments with in agreement amory its
partner