COMMERCE OBJ: 1-10. BCCDBAACDD 11-20. BABABDABBA 21-30. DCCDDACACB 31-40. ADAAAAADDA 41-50. CDCDDCBCDD (2a) (i) duration of the business (ii) capital contribution (iii) admission of new members (iv) the nature of the business (v) the objective of the firm (2bii) bankruptcy of a partner: partnership will bedissolved when a partner becomes bankrupt. (2biii) death of a partner:the death of a partner will bring anend the the business (2biv) joint decision: partnership can be dissolved when all members decide. 9. privatization is the transfer of ownership and control of state- owned business enterprises from the the stateto individual (private sector). i. Efficiency- By removing red� tapism and reducing waste. It is believed such business can be better run by the private sector. ii. Liberalisation- privatizationisoften aimed at allowing more investors into certain sector thereby creating roomfor competition. iii. Consumers interest- privatization maybe also be conceived to protect the interest of consumers by giving the right to chose which is often under government monopoly. iv. Burden reduction- government may decide to private an enterprise in order produce its financial burden in the running of such an enterprises. v. Efficiency management- it is believed that when business is run by businessman and not civil servant, it will be more efficient and profit oriented.
Posted on: Thu, 05 Sep 2013 09:59:57 +0000
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