WorksheetsPOB-Business
Total questions: 10
Worksheet time: 3mins
The business is divided into two sectors. These are
Sole trader and Partnership
Public and Private
A person who decides to own their own business is known as a
(a)
This type of business consist of up to 20 members
(a)
The following listed companies are all public sector with the exception of
St James High School
Tax Administration of Jamaica
MegaMart Wholesalers club
Cornwall Regional Hospital
The aim of the private sector business is to (a)
One method for source of funding to start the business is through loan from family member or lending institutions.
Private Sector
Public Sector
List the formation of a sole trader business
(a)
List three type of partners
(a)
One of the disadvantage of a sole trader business is there exist problem of getting loan from the banks as they view the business has high- risk.
True
False
A person may choose to established their only business because
To create employment for unemployed individuals
To satisfy individual needs and wants
To make profi
All of the above
