2019-01-25T11:34:06+00:00

Explain the principles of operating as a partnership.

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BUSINESS ORGANISATION

Instructions to candidates:

a) Time allowed: Three hours (plus an extra ten minutes’ reading time at the start – do not write anything during this time)

b) Answer any FOUR questions

c)  All questions carry equal marks. Marks for each question are shown in [ ]

1.

a)

Explain the principles of operating as a partnership.

[15]

 

b)

What are the requirements, as stated in the Companies Act 1985, that should appear on official

 

 

 

stationery?

[10]

2.

a)

What are the traditional and essential central government services?

[10]

 

b)

Discuss the role of the Civil Service.

[10]

 

c)

Give the definition of a mixed economy.

[5]

3.

a)

Explain the role of the Board of Directors.

[10]

 

b)

Discuss the term ‘line-organisation’.

[10]

 

c)

What is a market-oriented company?

[5]

4.

a)

What is the presumption in any planning application?

[10]

 

b)

Explain the basic considerations in any planning decision.

[15]

5. Write short notes on FIVE of the following:

a) Technical economies

b) Marketing economies

c) Business strategy

d) Product life cycle

e) Turnover

f) Asset stripping

g) Division of labour

[5 each]

 


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