BUSINESS STUDIES – TheWorksheets.CoM – Page 2

BUSINESS STUDIES GRADE 12 TERM 3 CHAPTER 14 TABLE OF CONTENTS

Form of ownership The legal position of the business and the way it is owned. Continuity Continue to exist even if a change of ownership takes place, e.g a member or shareholder dies or retires. Surety If a person or business accepts liability for the debt of another person or business. Securities Shares and bonds issued by a company.