Business+Ownership

There are several forms of business or enterprise ownership. They include:

Sole trader Partnership Private company Public company Government Enterprise

Here are some websites to research some of these ownership forms:


 * http://www.nt.gov.au/business/services.cfm?cat5id=71
 * http://www.rurallaw.org.au/handbook/xml/ch06s08.php
 * http://www.rurallaw.org.au/handbook/xml/ch06s09.php
 * http://www.rurallaw.org.au/handbook/xml/ch06s10.php

Cut and paste these questions into a new word processor document:

1) What does the enterprise do?

2) The enterprise was set up by
 * a) government
 * b) one person
 * c) more than one person

3) Decisions are taken
 * by civil servants or MP's
 * by one person
 * by agreement between people
 * by a vote at a meeting

4) It is owned by
 * taxpayers
 * one person
 * privately by two or more people
 * by a small number of private shareholders
 * by anyone who wants to buy shares
 * by its members

5) Any profits, or excess of income over spending may be kept by the business or they may be shared out. If shared they usually go to
 * government
 * one person
 * two or more people
 * shareholders
 * members

6) If there are more debts than can be paid then:
 * the owner/s could lose his/her/their possessions
 * the government will step in
 * the owners will only lose what money they have put in
 * it will be wound up

7) What type of enterprise is this:
 * Sole trader
 * Partnership
 * Private company
 * Public company
 * Government Enterprise

Then answer them for each of the following enterprises:

[|Billabong Pty. Ltd.] [|Palloys Pty. Ltd.] Yvonne Bowey Consultancy BE & WJ Gangell [|Water Corporation]

Save the finished assignment as an rtf file to your folder and to //shared/students/Mr Bailey/business with the name:

surname_firstname_busines_ownership.rtf//

Hint: replace surname with your surname, for example Mr Bailey's would be:

bailey_ian_business_ownership.rtf

Early finishers:
 * Find logos for as many of these businesses as possible and add them to your answers
 * Use Paint to design a small logo for the others

(credits [|http://www.workrelatedlearning.biz/el3/lp_31.html)//]