O-LevelCommerceBusiness enterprise7100/12 · May/June 2024 · Q351 Mark

In the absence of a deed of partnership, how would the losses be shared out if a partnership ceased to trade?

Aaccording to each partner's investment

Baccording to seniority of the partners

Cequally between partners

Don the basis of a legal judgement

✓ Correct answer

C: equally between partners

Oracle Prep sorts past-paper questions by topic, so you can drill Business enterprise and see which topics are most likely to come up next.

Topic: Business enterprise, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2024 Paper 1 Variant 2, question 35.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Which business organisation would be most suitable for a young person who wants to start a business where training an…

There are several types of business organisation: SOLE TRADER PARTNERSHIP PRIVATE LIMITED COMPANY PUBLIC LIMITED COMPANY

Faria and Rayhan are nurses. They decide to set up a partnership offering a nursing service to older people.

Customers who do not know their rights could be cheated by unscrupulous traders. Therefore, both government legislati…

You work in the Head Office of a large company mining iron ore. The company has operations in several countries.

A retailer advertises a television for sale. The price of the television is $2000. The retailer offers two payment pl…