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VICE (20 Marks) a) What are the three main forms of business? Give examples of each (12 Marks) b) Fit each of the following terms
VICE (20 Marks) a) What are the three main forms of business? Give examples of each (12 Marks) b) Fit each of the following terms into the most appropriate space: (8 Marks) Financing, Real Stock Investment Executive Airplanes Financial Capital Budgeting Brand Names Companies usually buy assets. These include both tangible assets such as and intangible assets such as In order to pay for these assets, they sell assets such as The decisions regarding which assets to buy is usually termed the or decision. The decision regarding how to raise the money is usually termed the decision. Ans a. The three main forms of business are: - Sole proprietorship: it is a business owned by only one person and easy to set-up and least castk For examnle famers or fishers can run their business as sole
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