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Types of business organisation

1.4

What the syllabus asks of you

  • The main features of different forms of business organisation: Sole traders, partnerships, private and public limited companies, franchises and joint ventures
  • The main features of different forms of business organisation: Differences between unincorporated businesses and limited companies
  • The main features of different forms of business organisation: Concepts of risk, ownership and limited liability
  • The main features of different forms of business organisation: Recommend and justify a suitable form of business organisation to owners/management in a given situation
  • The main features of different forms of business organisation: Business organisations in the public sector, e.g. public corporations

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Chapter 1: Types of business organisation

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All 19 questions on Types of business organisation, untimed — answer on paper, then mark yourself against the mark scheme.

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19 questions

These are structured questions, answered in working rather than by picking an option, so they are not listed here one by one. The drill above puts each in front of you with its mark scheme to check against.