Introduction
Good Day learners, Our lesson for today will be about Forms of Ownership.
Please find the video as an introduction to our lesson
Task
Please do the activity to test your understanding
Activity
Indicate whether the following statements are TRUE or FALSE. Choose the answer and write only 'true' or 'false' next to the question number.
1.1 Money invested on the money market that was stolen from a business through an act of corruption, is an example of a pyramid scheme.
1.2 Gambling is a game of chance by which a person risks losing or gaining money or other possessions.
1.3 Aids is a curable disease transferred by means of body fluids.
1.4 A riot is a violent and chaotic protest generated by unrest.
1.5 An action by an employer to prevent strikers from coming into the workplace is a
strike action.
1.6 A trademark is a law protecting new inventions.
1.7 An imitation is a copy of a product made with the consent of the creator.
1.8 Theft is the forced entry of a building with the intention to take someone else's
belongings as your own.
1.9 Employees subject to emotional violence lack self-confidence.
1.10 Stress in the workplace to meet deadlines, theft, bribery and corruption can result
in violence.
Question 2: Short answers
2.1 Discuss the effect of poverty and inequality on business and the South African community. (8)
2.2 Lavender Coco is a victim of domestic violence. Discuss the physical and emotional impact that violence has on business and its workers. (6)
2.3 Draw a table to analyse the 'pros' and the 'cons' of a strike. Evaluate your analysis to conclude whether there are more positives or more negatives.(12)
2.4 Define 'patent' and 'trademark'. (4)
Process
This video will help you to understand the content.
Find the videos to explain the main concept further.
Evaluation
| Mark allocation | |
| Question 1 | 10 marks, each question count 1 mark. |
| Question 2 | 20 marks, each question has its mark according to levels of bloom taxonomy. |
Conclusion
A business can choose any form of ownership as long as they will follow all the steps and understand the entities of that particular form of ownership. With that being said we will stop our lesson for today please make sure you re do and you study all your notes for knowledge you can even go extra. Don’t forget to do your activity.
Credits
Thank you to Rachelle Chaykin for sharing your content with us.
Via Africa was used to gather information we give credit to the Authors.
Teacher Page
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For any questions regarding the topic.