Question 1 : A) Construct a table to show the various legal statuses of businesses(such as PLC,LTD,Registered charity etc) that your business may adopt. Identify the relative strengths and weaknesses of these legal statuses. B) Considering your business idea, identify and evaluate the strengths and weaknesses of three sources of finance available to your business start-up.
Question 2: Identify three sectors within the uk economy in which a business can operate. What are the differences between the three sectors? comment on their value to the UK economy.
Question 3: Identify at least two HR policies and comment on their importance to the modern workplace (for example Health & safety policies and equality and diversity policies)
In addressing the three questions, you may consider opportunity costs, scarcity and choice, supply and demand and any other concepts you have learnt in this module that you think is relevant.
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