Presented below are four independent situations. In each case select which form of organisation the business is likely t

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Presented Below Are Four Independent Situations In Each Case Select Which Form Of Organisation The Business Is Likely T 1 (53.8 KiB) Viewed 23 times

Presented below are four independent situations. In each case select which form of organisation the business is likely to take: sole proprietorship, partnership or company. (a) Sarah and Andrew wish to purchase a taxi licence. One has a suitable motor vehicle and the other has sufficient cash to buy the licence. (b) Robert Steven and Tom Cheng each owned separate shoe manufacturing businesses. They have decided to combine their businesses. They expect that within the coming year they will need significant funds to expand their operations. Partnership Sole proprietorship Company (c) Mary is an avid gardener with a passion for flowers. She is considering opening up a florist business in the local shopping mall. (d) Three information system lecturers have formed a business to improve the speed of information transfer over the internet for stock exchange transactions. Each contributed an equal amount of cash and knowledge to the venture. Although their approach looks promising, they are concerned about the legal liabilities that their business might confront.