Principles of Business Form 4

WEEK: June 8 to June 12

Topic: Management

1  (a) Define the term ‘management’.

    (b) State Two responsibilities of management to the following

            (i) Society

            (ii) Government

            (iii) Owners of business

    (c ) Identify Two major sources of conflict in an organization

    (d) Describe Two strategies for resolving conflict within an organization.

Principles of Business Form 4

POB   FORM 4                                    WEEK: June 1 to June 5

Submit to: carrington839@gmail.com

Answer all questions please

1.    Enterprise is a fancy word used in investment

a.     Define the term ‘enterprise’.

b.    Identify FOUR stakeholders of a business.

c.     Give ONE role of each stakeholder mentioned above.

2.    Outline TWO ways in which businesses contribute to the development of communities.

3.    Distinguish between a ‘cooperative’ and a ‘company’ and give ONE example of EACH.

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.

Principles of Business Form 4

Form 4: Principles of Business

             7/5/20

 Submit to Carrington839@gmail.com

1.    Barter is an early business principle

a.     Explain the term barter.

b.    Identify and explain three problems linked to barter.

c.     Explain in your own words how the introduction of money solved any one of the problem identified above.

d.    Briefly explain the difference between a subsistence and money economy.

2.    Answer the following about money:

a.     Define the term money.

b.    Identify four instruments of payments used today other than notes and coins.

c.     Describe four features which must be present for something to be considered money.

d.    Explain four functions of money in a modern economy.

3.    Make a comparison between the private sector and that of the public sector in terms of :

i.                ownership and control

ii.              objective or motive

iii.            source of capital

N.B: The private sector includes all businesses owned by private individuals while public sector includes the ones owned by the state or government.