Principles of Business Form 4

PRINCIPLES OF BUSINESS Form   4         WEEK: May 18-22

       

Submit answers to:  carrington839@gmail.com

1.    Questions on business

a.     Outline TWO functions of a business.

b.    State Two ways in which a ‘sole proprietorship’ is different from a ‘partnership’.

c.     Define the term ‘franchise’.

d.    Identify FOUR popular franchises.

e.     Discuss TWO advantages of operating a franchise.

2.    Questions on leadership styles

a.     State TWO characteristics of EACH of the following types of leadership styles:

                          i.                    Democratic

                        ii.                    Autocratic

b.    State THREE essential characteristics of a good leader.

c.     Discuss how the lack of TWO of the characteristics mentioned above may affect an organization.