Business Structures – NBC Institute

BMF – Nov 2014 – L1 – SB – Q1 – Business and Organizational Structures and Choices

Discuss the features of a sole proprietorship and the characteristics of a public limited liability company.

Question

The business environment comprises a diversity of business organizations ranging from very simple enterprises to huge multinational corporations.

a. Identify FIVE features of a sole proprietorship. (10 Marks)
b. Identify FIVE characteristics of a Public Limited Liability Company. (10 Marks)

(Total 20 Marks)

Answer

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Tags: Business Structures, Public Limited Liability Company, Sole Proprietorship
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: NOV 2014

BMF – Nov 2021 – L1 – SB – Q2D – Business and Organizational Structures and Choices

Question about stating four characteristics of a joint venture.

Question

State FOUR characteristics of a joint venture

Answer

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Tags: Business Collaboration, Business Structures, Joint Ventures
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: NOV 2021

BL – May 2023 – L1 – SB – Q1B – Company Law

Identify and explain similarities between a limited liability partnership and a public limited company.

Question

Under the Companies and Allied Matters Act, 2020, partnerships and companies are business organizations which have distinct features.

Required:
Explain briefly THREE similar features of a limited liability partnership and a public limited company.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Structures, Limited Liability Partnership, Public Limited Company
Level: Level 1

Topic: Company Law
Series: MAY 2023

BMF – Nov 2019 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society; Business and Organizational Structures and Choices

Identifying incorrect accountability in different business structures

Question

The management of an organisation is accountable to its owners for the performance of the firm. From the foregoing, which of the following statements is incorrect?
A. Charities are accountable to stakeholders
B. Limited liability partnership is accountable to the government
C. The directors of a company are accountable to equity holders
D. Managers of public sector enterprises are accountable to the government
E. Partners in a business partnership are accountable to the stakeholders

Answer

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Tags: Accountability, Business Structures, Partnerships, Stakeholders
Level: Level 1

BMF – May 2024 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Determining the primary focus of an informal organization within a business context.

Question

Which of the following is the focus of an informal organization?
A. Process
B. Plan
C. Work
D. People
E. Organizing

Answer

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Tags: Business Structures, Informal Organizations, Organizational Focus
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2024

AT – MAR 2024 – L3 – Q5b – Tax Administration in Ghana

Discusses the restrictions on foreign business activities and the tax benefits of sole proprietorship versus limited liability companies.

Question

You are an external consultant to the Ministry of Trade and Industry. The Minister has received a delegation of both foreigners and Ghanaians to deliberate on investment opportunities available in Ghana.

Required:
i) Business activities that cannot be engaged in by foreigners. (5 marks)
ii) The tax benefits of establishing a sole proprietorship business as against a limited liability company. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Restrictions, Business Structures, Foreign Investment, Foreigners, Limited Liability Company, Sole Proprietorship, Tax Benefits
Level: Level 3

Topic: Tax administration in Ghana
Series: MAR 2024

BMIS – May 2017 – L1 – Q1b – Business and organisational structure

Identify characteristics of sole proprietorships, partnerships, and limited companies.

Question

b) Identify TWO characteristics each of the following business set ups.
i) Sole proprietorship.
ii) Partnership.
iii) Limited companies.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Structures, Limited Companies, Partnership, Sole Proprietorship
Level: Level 1

Topic: Business and Organisational Structure
Series: MAY 2017

BMF – Nov 2014 – L1 – SB – Q1 – Business and Organizational Structures and Choices

Discuss the features of a sole proprietorship and the characteristics of a public limited liability company.

Question

The business environment comprises a diversity of business organizations ranging from very simple enterprises to huge multinational corporations.

a. Identify FIVE features of a sole proprietorship. (10 Marks)
b. Identify FIVE characteristics of a Public Limited Liability Company. (10 Marks)

(Total 20 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Structures, Public Limited Liability Company, Sole Proprietorship
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: NOV 2014

BMF – Nov 2021 – L1 – SB – Q2D – Business and Organizational Structures and Choices

Question about stating four characteristics of a joint venture.

Question

State FOUR characteristics of a joint venture

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Collaboration, Business Structures, Joint Ventures
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: NOV 2021

BL – May 2023 – L1 – SB – Q1B – Company Law

Identify and explain similarities between a limited liability partnership and a public limited company.

Question

Under the Companies and Allied Matters Act, 2020, partnerships and companies are business organizations which have distinct features.

Required:
Explain briefly THREE similar features of a limited liability partnership and a public limited company.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Structures, Limited Liability Partnership, Public Limited Company
Level: Level 1

Topic: Company Law
Series: MAY 2023

BMF – Nov 2019 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society; Business and Organizational Structures and Choices

Identifying incorrect accountability in different business structures

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accountability, Business Structures, Partnerships, Stakeholders
Level: Level 1

BMF – May 2024 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Determining the primary focus of an informal organization within a business context.

Question

Which of the following is the focus of an informal organization?
A. Process
B. Plan
C. Work
D. People
E. Organizing

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Structures, Informal Organizations, Organizational Focus
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2024

AT – MAR 2024 – L3 – Q5b – Tax Administration in Ghana

Discusses the restrictions on foreign business activities and the tax benefits of sole proprietorship versus limited liability companies.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Restrictions, Business Structures, Foreign Investment, Foreigners, Limited Liability Company, Sole Proprietorship, Tax Benefits
Level: Level 3

Topic: Tax administration in Ghana
Series: MAR 2024

BMIS – May 2017 – L1 – Q1b – Business and organisational structure

Identify characteristics of sole proprietorships, partnerships, and limited companies.

Question

b) Identify TWO characteristics each of the following business set ups.
i) Sole proprietorship.
ii) Partnership.
iii) Limited companies.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Structures, Limited Companies, Partnership, Sole Proprietorship
Level: Level 1

Topic: Business and Organisational Structure
Series: MAY 2017

Question Tag: Business Structures

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BMF – Nov 2014 – L1 – SB – Q1 – Business and Organizational Structures and Choices

Discuss the features of a sole proprietorship and the characteristics of a public limited liability company.

BMF – Nov 2021 – L1 – SB – Q2D – Business and Organizational Structures and Choices

Question about stating four characteristics of a joint venture.

BL – May 2023 – L1 – SB – Q1B – Company Law

Identify and explain similarities between a limited liability partnership and a public limited company.

BMF – Nov 2019 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society; Business and Organizational Structures and Choices

Identifying incorrect accountability in different business structures

BMF – May 2024 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Determining the primary focus of an informal organization within a business context.

AT – MAR 2024 – L3 – Q5b – Tax Administration in Ghana

Discusses the restrictions on foreign business activities and the tax benefits of sole proprietorship versus limited liability companies.

BMIS – May 2017 – L1 – Q1b – Business and organisational structure

Identify characteristics of sole proprietorships, partnerships, and limited companies.

BMF – Nov 2014 – L1 – SB – Q1 – Business and Organizational Structures and Choices

Discuss the features of a sole proprietorship and the characteristics of a public limited liability company.

BMF – Nov 2021 – L1 – SB – Q2D – Business and Organizational Structures and Choices

Question about stating four characteristics of a joint venture.

BL – May 2023 – L1 – SB – Q1B – Company Law

Identify and explain similarities between a limited liability partnership and a public limited company.

BMF – Nov 2019 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society; Business and Organizational Structures and Choices

Identifying incorrect accountability in different business structures

BMF – May 2024 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Determining the primary focus of an informal organization within a business context.

AT – MAR 2024 – L3 – Q5b – Tax Administration in Ghana

Discusses the restrictions on foreign business activities and the tax benefits of sole proprietorship versus limited liability companies.

BMIS – May 2017 – L1 – Q1b – Business and organisational structure

Identify characteristics of sole proprietorships, partnerships, and limited companies.

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Question Tag: Business Structures

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BMF – Nov 2014 – L1 – SB – Q1 – Business and Organizational Structures and Choices

Discuss the features of a sole proprietorship and the characteristics of a public limited liability company.

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BMF – Nov 2021 – L1 – SB – Q2D – Business and Organizational Structures and Choices

Question about stating four characteristics of a joint venture.

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BL – May 2023 – L1 – SB – Q1B – Company Law

Identify and explain similarities between a limited liability partnership and a public limited company.

You're reporting an error for "BL – May 2023 – L1 – SB – Q1B – Company Law"

BMF – Nov 2019 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society; Business and Organizational Structures and Choices

Identifying incorrect accountability in different business structures

You're reporting an error for "BMF – Nov 2019 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society; Business and Organizational Structures and Choices"

BMF – May 2024 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Determining the primary focus of an informal organization within a business context.

You're reporting an error for "BMF – May 2024 – L1 – SA – Q3 – Business and Organizational Structures and Choices"

AT – MAR 2024 – L3 – Q5b – Tax Administration in Ghana

Discusses the restrictions on foreign business activities and the tax benefits of sole proprietorship versus limited liability companies.

You're reporting an error for "AT – MAR 2024 – L3 – Q5b – Tax Administration in Ghana"

BMIS – May 2017 – L1 – Q1b – Business and organisational structure

Identify characteristics of sole proprietorships, partnerships, and limited companies.

You're reporting an error for "BMIS – May 2017 – L1 – Q1b – Business and organisational structure"

BMF – Nov 2014 – L1 – SB – Q1 – Business and Organizational Structures and Choices

Discuss the features of a sole proprietorship and the characteristics of a public limited liability company.

You're reporting an error for "BMF – Nov 2014 – L1 – SB – Q1 – Business and Organizational Structures and Choices"

BMF – Nov 2021 – L1 – SB – Q2D – Business and Organizational Structures and Choices

Question about stating four characteristics of a joint venture.

You're reporting an error for "BMF – Nov 2021 – L1 – SB – Q2D – Business and Organizational Structures and Choices"

BL – May 2023 – L1 – SB – Q1B – Company Law

Identify and explain similarities between a limited liability partnership and a public limited company.

You're reporting an error for "BL – May 2023 – L1 – SB – Q1B – Company Law"

BMF – Nov 2019 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society; Business and Organizational Structures and Choices

Identifying incorrect accountability in different business structures

You're reporting an error for "BMF – Nov 2019 – L1 – SA – Q1 – The Role of Professional Accountants in Business and Society; Business and Organizational Structures and Choices"

BMF – May 2024 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Determining the primary focus of an informal organization within a business context.

You're reporting an error for "BMF – May 2024 – L1 – SA – Q3 – Business and Organizational Structures and Choices"

AT – MAR 2024 – L3 – Q5b – Tax Administration in Ghana

Discusses the restrictions on foreign business activities and the tax benefits of sole proprietorship versus limited liability companies.

You're reporting an error for "AT – MAR 2024 – L3 – Q5b – Tax Administration in Ghana"

BMIS – May 2017 – L1 – Q1b – Business and organisational structure

Identify characteristics of sole proprietorships, partnerships, and limited companies.

You're reporting an error for "BMIS – May 2017 – L1 – Q1b – Business and organisational structure"

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