Question 1
(a) Explain each of the following business organisations:
(i) private enterprise;
(ii) public enterprise.
(b) list three types of bank account that can be operated by a small scale enterprenuer?
(c) List three types of record kept in a plumbing business.
(d) Explain the role of each of the following personnel in a contract:
(i) client;
Observation
Most candidates were able to:
- explain private and public enterprise in business organisation;
- list three types of bank account that can be operated by a small-scale entrepreneur.
- List three types of record kept in a plumbing business
However, some candidates were unable to:
- explain the role of client and contractor.
The required response to question 1 (d) (i) and (ii) is given below.
The role of each of the following personnel in a contract:
1. Client- A client is an entity that has the need that defines the project objective, schedule and dedicated budget. The expected result of the project is the creation of a product called work
2. Contractor- is an entity hired by the client to carry out the work under the terms and subject to the date lines, quality and cost provision determined by the latter pursuant to a contract. The contractor is therefore responsible for the technical choice inherent in the performance of the work in accordance with the client requirements