Cambridge International AS Level · Business (9609)

Business structure: Practice Questions

5 multiple-choice questions marked as you go, and 3 written questions with worked solutions. All on Business structure.

8 questions15 marksFree, no account

Question 1

1 mark

Which of the following best describes an organization in the public sector?

Question 2

1 mark

A successful solicitor and a licensed accountant decide to combine their expertise to offer a comprehensive consultancy service. They are concerned about their personal assets being at risk if the business fails. Which business structure would be most appropriate to provide legal protection for their personal assets while allowing them to share profits?

Question 3

1 mark

In the context of business structure, why might a sole trader choose to form a partnership despite the risk of conflict with new partners?

Question 4

1 mark

In a franchise agreement, who is the franchisee?

Question 5

1 mark

Which of the following is a primary characteristic of a consumer co-operative?

Question 6

2 marks

Define the concept of limited liability and explain its primary benefit to the owners of a private limited company.

Write your answer out first, then check it against the worked solution.

Question 7

3 marks

Explain two reasons why the relative importance of the secondary sector might decline while the tertiary sector grows as a country becomes more economically developed.

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Question 8

5 marks

A group of 50 local residents wishes to form a business structure where they collectively own the enterprise and share the benefits of bulk-buying groceries. Evaluate why a consumer co-operative would be more appropriate for these stakeholders than a public limited company.

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