Introduction
Good day class, I hope everyone is doing well today! Our topic for the day is on the Forms of Ownership but we will be specifically focusing on the Sole Proprietor form of ownership. Click on the link below to begin your https://drive.google.com/file/d/1eE9OsZlJ45FyqOVtB5fCThGi3j1bkBqM/view?usp=drivesdk.
Task
11 September 2022
Sole Proprietor
Activity 1 :Questions
1) One disadvantage of being a sole trader is that the business depends on the life and good health of the owner. List 3 disadvantages of a sole trader.
2) What formalities and procedures does a sole proprietor need to follow?
3) Give 3 Characteristics of a sole proprietor?
4) Three advantages of a sole proprietor?
5) Factors to consider when choosing an appropriate form of ownership?
Process
Sole Proprietor notes
Click on the link below for notes and full explanation on the topic, find the video attached below:https://youtu.be/W1AVXb4-zDc
Evaluation
| Understand what a sole proprietor is | 3 |
| Is able to differentiate between advantages and disadvantages of a sole trader | 6 |
| Can identify characteristics of a sole trader |
4
|
| Is able to discuss factors to look for when choosing a form of ownership | 6 | |
Conclusion
At the end of this lesson I expect everyone to be efficiently informed about a sole trader, do your class work as expected.That will be all for today , thank you for behaving and participating in this lesson!
Have a lovely day further!
Miss N.N
Credits
https://youtu.be/W1AVXb4-zDc.. For more information and clarification on the lesson, just click on the link below to gain more understanding class.
Teacher Page
Miss N. Ndubandubane
Nombuso. Ndubandubane @gmail.com
WhatsApp:0630848588