2.1.2. Types of private and public sector enterprises
A subsection of Commerce, 7100, through 2. Commercial operations
Listing 10 of 103 questions
Tahir has been employed as a dentist for five years. He has recently been approached by Ayesha, a friend, who thought it would be a good idea for them to form a business partnership. Identify the type of industry in which this dental partnership would operate. State three features of a partnership. 1. 2. 3. Do you think partnership is the best form of ownership for this business? Give reasons for your answer. If Tahir and Ayesha decide to set up business together, they will have to purchase dental equipment needed to start trading. They could use either personal savings or a long-term loan. Discuss each of these two options. Which would you recommend? Give reasons for your answer.
7100_s21_qp_22
THEORY
2021
Paper 2, Variant 2
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Kayla and Malik set up a business selling and repairing bicycles. They were advised to form a partnership and were told that it was important to draw up a Deed of Partnership. Part of this Deed of Partnership is shown in Fig. 1. Fig. 1 Deed of Partnership DEED OF PARTNERSHIP Between: Kayla Okoye and: Malik Jang Capital: Each partner will contribute initial capital to the value of $20 000 Authority: Each partner has equal authority in making decisions Duration: The partnership will end on 30 November 2020, or when more partners join Date: 30 November 2017 Use Fig. 1 to help you answer the following questions. Identity two other pieces of information which might have been included in the Deed of Partnership. Explain why it is important to draw up a Deed of Partnership. Apart from bicycle repairs, suggest two other after-sales services that this business might offer to its customers. Would setting up internet banking be an advantage to the business? Give reasons for your answer. Kayla and Malik have made a successful start in their first year of business and want to expand by extending their workshop premises. They are considering applying for a bank loan or taking on another business partner. Discuss each of these two options. Which would you recommend? Give reasons for your answer.
7100_w18_qp_22
THEORY
2018
Paper 2, Variant 2
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Questions Discovered
103