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ZIMSEC O-Level Business Enterprise and Skills

7.3.10Risk, ownership and limited liability; formation of a business enterprise

Risk, ownership and limited liability; formation of a business enterprise in ZIMSEC O-Level Business Enterprise and Skills: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic15 practice questions1 lesson

Overview

Form 4: risks of forming an enterprise, corporate legal personality and limited liability, documents required.

Learning objectives

What the syllabus expects you to be able to do.

  1. 7.3.10.1Explain the risks of forming a new business enterprise.
  2. 7.3.10.2Explain corporate legal personality and limited liability and evaluate the importance of limited liability.
  3. 7.3.10.3Explain the contents of the documents required to form a business enterprise.

Lessons

  • Forming a company: legal personality, limited liability and documents

    25 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Risk, ownership and limited liability; formation of a business enterprise: sample question

1 mark

Which item would be found in the articles of association?

Choose one answer

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