Assignment task: There are various business forms that can be found in Namibia. Depending on the formation of such a business, it can either be of a limited or unlimited liability. That is the reason why it is always important for every procurement officer to know about this distinction before you enter-into any contractual obligations. Required: Carefully, answer the following questions:
1. Identify any three forms of business formations that can be found in Namibia, and clearly state whether they are of limited or unlimited liability.
2. There are various stakeholders that can be interested in the business' performance. One of such stakeholders is employees as they would want to ensure that their job security is always guaranteed.
Identify any five (5) other stakeholders that would also be having interest in the business' performance, and clearly explain their direct economic interest to such a business.