a) Construct a table to show the various legal statuses of businesses (such as PLC, LTD, Registered Charity etc) that your business may adopt. Identify the relative strengths and weaknesses of these legal statuses. b) Considering your business idea, identify and evaluate the strengths and weaknesses of THREE sources of finance available to your business start-up.

Learning Outcomes:

After completing the module, you should be able to:

1. Identify the differences between the various business sectors that contribute to the economy.

2. Identify the strengths and weaknesses of various legal frameworks in relation to business start-ups.

3. Identify and evaluate the strengths and weaknesses of various finance generating alternatives a new business may look to.

4. Identify and explain the importance of key ‘Humans Resource’ policies within a given organization.

Question One:

a) Construct a table to show the various legal statuses of businesses (such as PLC, LTD, Registered Charity etc) that your business may adopt. Identify the relative strengths and weaknesses of these legal statuses.

b) Considering your business idea, identify and evaluate the strengths and weaknesses of THREE sources of finance available to your business start-up.

Question Two:

Identify three sectors within the UK economy in which a business can operate. What are the differences between the three sectors? Comment on their value to the UK economy.

Question Three:

Identify at least two HR policies and comment on their importance to the modern workplace (for example Health & Safety policies and equality and Diversity policies).