1.3 Read the scenario below and answer the questions that follow.
Mongezi started a business with his nine friends. Auditing of books is optional as members
only need an accounting officer to check financial records
1.3.1 Identify a form of ownership represented by Mongezi and his friends. Motivate your
answer by quoting from the scenario above.
(3)
1.3.2 Advise Mongezi and his friends on the advantages and disadvantages of the form
of ownership identified in QUESTION 1.3.1.
(12)
WEEK 5