Glossary

Reset Glossary
close corporation

Subject: 

  • Business Studies

a form of business ownership, legally registered, with 1-10 members who contribute capital and acquire an interest expressed as a percentage in the business. It is controlled by the Close Corporations Act (No. 69 of 1984).

Related Content

self-assessment
Subject:
Business Studies

a process of finding out about your personality and gaining information about your abilities,...

income statement
Subject:
Business Studies

shows the financial result of a business for a certain period of time.

pandemic
Subject:
Business Studies

an outbreak of an infectious disease that is so widespread that it occurs throughout a region or...

packaging for resale
Subject:
Business Studies

products are packed into appropriate quantities for the retailer, for example, a six-pack of...

strategy
Subject:
Business Studies

the way the business plans to achieve its overall goals and objectives.