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POB Assignment

The document discusses different business organization types including private companies, public companies, cottage industries, and linkage industries. It also discusses reasons for Caribbean migration and one negative effect which is a decrease in the labor supply of the migrating country or area.

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Shafi Saheed
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49 views2 pages

POB Assignment

The document discusses different business organization types including private companies, public companies, cottage industries, and linkage industries. It also discusses reasons for Caribbean migration and one negative effect which is a decrease in the labor supply of the migrating country or area.

Uploaded by

Shafi Saheed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name: Abdool Saheed

PT POB- Upper level


1) This means the accountability of any investor to
that company is limited to the role of that particular person.

2) (ii) The main purpose of a memorandum of association is to define the potential and
how far an organization can progress.
(ii) the partnership agreement is important because it specifies the roles and
responsibilities of all of the concerned partners.

3) (i) two characteristics are


 Mutual trust
 Legal agreement
(ii)  public companies can generate funds by issuing shares to
the public. Private companies are only allowed to issue stock to existing shareholders or
current employers.

4) (i) Four characteristics of a cottage industry are

 Small startup capital required.


 The profits are small and are usually put back into the business.
 These type of industries use simple or no technology at all.
 It is usually a one-person type of business.
(ii)
5) (iii) a linkage industry is an industry closely connected or dependent on another
industry. For eg. A sugar cane industry is being linked to the sweets or soft drink
industry.

6) 1 advantage of a small firm industry is that they are simple to establish with no legal
formalities attached. 1 disadvantage of these type of industries is also that the profits
are small.
7) 4 reasons why Caribbean people migrate are

 For further educational opportunity


 Escape political and economic pressure
 To improve their standard of living
 To seek better employment in terms of a better salary

7) (ii) 1 negative effect on Caribbean countries when their citizens migrate is that it
decreases in the supply of labour from the country or particular area that the person migrating
is from.

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