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ZIMSEC O-Level Economics

6.10.1Sole traders, partnerships, co-operatives and limited companies

Sole traders, partnerships, co-operatives and limited companies in ZIMSEC O-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives

What the syllabus expects you to be able to do.

  1. 6.10.1.1Form 1: describe sole traders and partnerships and outline their features, advantages and disadvantages.
  2. 6.10.1.2Form 2: describe co-operatives and their advantages and disadvantages.
  3. 6.10.1.3Form 2: explain limited companies and outline the documents used to set them up and their contents.
  4. 6.10.1.4Form 3: compare private and public limited companies and outline their advantages and disadvantages.

Lessons

  • Forms of business organisation

    35 min

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Sample question

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

Sole traders, partnerships, co-operatives and limited companies: sample question

1 mark

Nyasha and Farai run a fictional catering partnership. Their agreement says profit is shared in the ratio 5 : 3. This year's profit is US$48,000. Calculate Nyasha's share.

Complete: US$ …

Only if the answer has a unit, e.g. cm or km/h.

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