4 marksForms of Business Organisations

CSEC Principles of Business · January 2011 · Paper 2 · Question 1(a)(ii)

State FOUR characteristics of a private limited company.

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Other parts of this question

1(a)(i)State FOUR characteristics of a partnership.[4 marks]
1(b)Discuss TWO advantages a business would enjoy by converting from a partnership to a private limited company.[6 marks]
1(c)Outline THREE ways in which a free market economy differs from a planned or command economy.[6 marks]

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