Tutorial 1: The Purpose and Types of Business Organisation

Question 1

Define:

i. Business
ii. Organisation
iii. Business organisation

Question 2

List two (2) primary purpose of business organisation

Question 3

Why organisation is formed ?

Question 4

Describe each of the following :

i. Social arrangement
ii. Controlled performance
iii. Collective goals

Question 5

List examples of common features for social arrangement, controlled performance and
collective goals of an business organisation for :

i. Car manufacturer (Proton)

ii. Retailer (Giant)

Car Manufacturer (Proton) Retailer (Giant)

Social arrangement

Controlled performance

Collective goals
Question 6

Describe THREE (3) reason why an organisations is formed .

Question 7

Define the following :

i. Sole proprietorship
ii. Partnership
iii. Limited companies

Question 8

Differentiate the main key differences between Sole proprietorship, Partnership and Limited
companies in terms of :

i. Size
ii. Legal status
iii. Ownership and funding
iv. Objectives
v. Control

Question 9

Explain TWO (2) advantages and TWO (2) disadvantages of sole proprietorship

Question 10

Explain TWO (2) advantages and TWO (2) disadvantages of partnership

Question 11

Explain TWO (2) advantages and TWO (2) disadvantages of limited company.