NAME: KHAOGELO

SURNAME: RAPHIRI
STUDENT NO: 68849281
MODELU: LSB2605
ASSIGNMENT: 1
QUESTION 1

1.1

1.1.1 FALSE

1.1.2 TRUE

1.1.3 FALSE

1.1.4 FALSE

1.1.5 TRUE

1.2

1.2.1 Partnership

1.2.2 Advantages of partnership business

- A partnership is easy to form, and it requires minimal legal formalities and regulation

- The skill and abilities of the partners are combined

- Diversification is possible

- unlike the sole proprietorship, a partnership has great financial muscle since the many partners
pool their financial and other resources to run the business

1.3

1.3.1 The purpose of a job description

- To serve as a tool to evaluate performance

- To inform the employee of what precisely he/she is expected to do in the workplace

- To serve as a guide for determining the appropriate wage rate of a job/position

1.3.2 500 per month

REFERENCE

LEGAL ASPECTS OF SMALL BUSINESS STUDY GUIDE

PLAGIARISM DECLERATION
I khaogelo Raphiri student no 68849281 declare that this is my own original work. Where
secondary material has been used (either from a printed source or from the internet), this
has been carefully acknowledged and referenced in accordance with departmental
requirements. I understand what plagiarism is and I am aware of the pertinent policies in
this regard. I have not allowed anyone else to borrow or copy my work.