Question 1
(a) State two causes of break-up in a woodworking partnership business.
(b) Sketch a bevelled edge chisel and label two parts.
Observation
Most of the candidates who attempted this question performed well.
Candidates were expected to:
- state two causes of break-up in a woodworking partnership business.
The solution is stated below:
- non-conformity with agreement by partners;
- loss of interest by members;
- death of a partner;
- incapacitation/insanity of a partner;
- expiration of agreement;
- bankruptcy of a partner;
- joint decision of partners;
- notice of retirement by a partner;
- insolvency of the business or inability to meet obligations;
- court verdict/order;
- lack of demand for product/service;
- no profit from business;
- unforeseen events (natural disaster, fire outbreak, war, etc);
- dishonesty of a partner;
- greed of a partner;
- selfishness of a partner;
- lack of commitment of a partner;
- loss of trust in partners;
- disagreement amongst partners;
- ideological differences amongst partners;
- lack of cooperation among partners;
- lack of understanding amongst partners;
- insufficient resources (fund, equipment, personnel, etc).
(ii) Sketch a bevelled edge chisel and label two parts.
The solution is shown below:
