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Question 10

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1B Q6

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Concept Q3

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1B Q5

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Question 3 &

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Concept question 2
What advantages does the corporate form of organisation have over sole proprietorship or partnerships?
1 - Limited liability- the owners do not have to stake their personal assets in case the business goes bankrupt
2 - Access to funds- the corporation can sell shares and raise funds unlike a sole proprietor or in partnership who come up with funds on their own
3 - Permanency- shares of coportation can be willed to family members
Or other entities.
4 - The corporation can live forever unless it makes a profit and does  not dissolve by the death of  a partner or owner like a sole proprietor or partnership.

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1B Q7

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Topic 1B
Ques 1

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Q4.  Do you think agency problems arise in sole proprietorship and/or partnerships?
Ans. Agency problems are more likely to arise in partnership as there can be a conflict of interest between owners.

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Theory Question TOPIC 1A
1. What long term investment should the firm choose?
- capital budgeting
- future plans and cash flow
2. How should the firm raise funds for the selected investments?
- capital structure
- e.g. issuing share or take loans
3. How should short term assets be managed and financed?
- net working capital
- financing the day to day operations of the firms

Calculation Questions TOPIC 1B
2

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Group 5 = Concept Q1, Calculation - Q1,Q2

Group 4 = Concept Q2, Calculation - Q3, Q4, Q10

Group 2 = Concept Q3, Calculation - Q5, Q6, Q7

Group 1 = Concept Q4, Calculation - Q8,Q9