MCD2150 Accounting for Managers

Student Activity week 8

1.Jason and James have been operating the business together for few years. It is time for them to revisit their strategy and direction. A business plan is a good start. Briefly explain what the business plan is and highlight major components within the business that Jason and James should have to assist them later in the future making business decisions.

2.What were reasons do you think Jason and James started their business as partnership?

3.What are options available for JJ Asian Cuisine as the business structure? Explain pros and cons for each