1. List the key characteristics of a business operated on a sole trader basis. Compare and contrast the advantaged and disadvantages.

2. List the key characteristics of a business operated as a partnership. What are the advantages And disadvantages of a partnership .

3. Define a company and list its advantaged and disadvantages.

4. What is meant by "the corporate veil"? Describe three situations where the courts may 'lift' the veil to establish whether company members have reached common or statutory laws.

5. What are the differences between a small, medium and large private companies? How many directors are required to form

a) A private company

b) A public company

6. List the duties of the directors

7. Explain the ways companies can raise capital by

a)equity finance

b)debt finance

8. Define a trust and list it key characteristics. Give three examples of occasions when it is likely a trust would be created.

9. Zuma promotes kick boxing in Nadi under the registered business name of 'Kick Start'. Zuma wants to form a company using the same name, When he searches the website for company and business names he finds the following registered names.

a) 'Kick Start', a business name registered in Suva that is used by a kickboxing promoter

b) 'Kick Starter', a business name registered in Ba

c) 'Kick Static Pte. Ltd', a company name registered to a company based in Labasa.

Explain, giving reasons, whether each name could prevent Zuma from registering his preferred company name.