Question 1:
a) State three kinds of business organization.
b) Outline the merits and demerits of running a business as a partnership.
c) Describe the functions of board of directors.
Question 2:
a) Describe the principal factors that affect the choice of the location of a business.
b) Describe why most companies are now ‘market oriented’ instead of ‘production oriented’.
c) In brief differentiate between a merger and a takeover.
Question 3:
a) Draft an organization chart appropriate for a major national chain of retail stores, which has centralized management and administrative systems.
b) Describe the term horizontal integration.
c) Describe the term vertical integration.
Question 4:
a) Describe the need for the civil service (that is, central government).
b) Describe the principal functions of local government.
c) Outline the advantages of the delegation of authority.
Question 5: Write brief notes on five of the given terms:
a) Mixed economy
b) Franchise organization
c) Vision statement.
d) Articles of association.
e) Quangos.
f) Economies of scale.
g) ‘not for profit’ organization.