January 2023

Advantages and Disadvantages of Public Limited Companies

By |2022-09-15T12:42:16+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Econet is an example of a PLC Econet is an example of a PLC ZIMSEC O Level Commerce Notes: Business Organisations: Advantages and Disadvantages of Public Limited Companies

Advantages

  • They are separate legal entities.
  • Shareholders have limited liability.
  • Shares can be freely transferred on the stock exchange.
  • Membership is open to the public since shares are […]
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Advantages and disadvantages of Public corporations/ Parastatals

By |2022-09-15T12:42:07+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Megawatt building. Image credit newsday.co.zw Megawatt building. Image credit newsday.co.zw ZIMSEC O Level Commerce Notes: Advantages and disadvantages of Public corporations/ Parastatals

Advantages

  • The government controls the provision of strategic products.
  • Provides products at cheap prices.
  • Provides employment to people.
  • Reduces duplication of resources .
  • Enjoy limited liability.
  • Implement government policies i.e. in terms of setting the […]
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Public Limited Companies

By |2022-09-15T12:42:17+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Econet is an example of a PLC Econet is an example of a PLC ZIMSEC O Level Commerce Notes: Business Organisations: Public Limited Companies

Formation

  • Membership is open to the public.
  • Membership is by invitation through a prospectus.
  • Formed by at least two shareholders and there is no upper limit.
  • Governed by the Companies Act.
  • The founding […]
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Multinational Companies

By |2022-09-15T12:42:15+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Delta is a local example of an MNC. Image credit Nehandaradio.com Delta is a local example of an MNC. Image credit Nehandaradio.com ZIMSEC O Level Commerce Notes: Business Organisations: Multinational Companies

Features

  • Also known as Trans-national companies.
  • They are found in the private sector.
  • They are large limited liability businesses which have:
  • subsidiaries operating in other […]
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Reasons why Parastatals are turned into Public Limited companies (privatised)

By |2022-09-15T12:42:06+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Dairibord Milk. Image credit herald.co.zw Dairibord Milk. Image credit herald.co.zw ZIMSEC O Level Commerce Notes: Reasons why Parastatals are turned into Public Limited companies (privatised)

Reasons why parastatals are converted into public limited companies.

  • To reduce the burden on the taxpayer for example parastatals are often subsidised using tax-payer’s money.
  • To improve efficiency of […]
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Advantages and Disadvantages of Multinational Companies

By |2022-09-15T12:42:14+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Delta is a local example of an MNC. Image credit Nehandaradio.com Delta is a local example of an MNC. Image credit Nehandaradio.com ZIMSEC O Level Commerce Notes: Business Organisations: Advantages and Disadvantages Multinational Companies

Advantages

  • Pays taxes to increase revenue for the host government.
  • Creates employment to local people.
  • Brings the latest technology to the […]
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Prospectus

By |2022-09-15T12:42:06+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Prospectus. Image credit docstoc.com Prospectus. Image credit docstoc.com ZIMSEC O Level Commerce Notes: Prospectus(privatised)

 

Prospectus

  • Is prepared by founders of the company or an issuing house after the registration of a public limited company.
  • Is sent for approval to the registrar of companies before members of the public are invited to subscribe for […]
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Zimbabwe Stock Exchange

By |2022-09-15T12:42:14+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Zimbabwe Stock Exchange. Image credit financialgazette.co.zw Zimbabwe Stock Exchange. Image credit financialgazette.co.zw ZIMSEC O Level Commerce Notes: Business Organisations: The Zimbabwe Stock Exchange

Functions

  • Controls and regulates admission of new members.
  • Acts as a barometer of the well-being of the Zimbabwean economy.
  • A market for buying and selling shares, stocks, bonds as well as […]
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Memorandum of Association

By |2022-09-15T12:42:05+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

A page from a Memorandum of Association. Image credit coronetpublications.com A page from a Memorandum of Association. Image credit coronetpublications.com ZIMSEC O Level Commerce Notes: Memorandum of Association

Memorandum of Association

  • Is used in the formation of private and public limited companies.
  • Is prepared by the company founders/their representatives.
  • Is sent to the Registrar […]
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