Page 116 - THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS
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Case 2: Crossroads
Kendra, a recent university graduate, has heard of a technology business incubator service offered by a
local university. She is excited to learn of this service as she considers herself to be a potential entrepreneur
given that her father once owned a business. As such, she has visited the incubator centre and gathered
information pertaining to establishing her business. She however has a challenge because she has been
informed that there are many forms of business and that not everyone is suited for all types; in some cases DO NOT WRITE IN THIS AREA
one might not be suited for any business at all. Additionally, there are legal, regulatory and ethical factors
to consider when operationalizing the venture, which can be both costly and time consuming. On leaving
the centre, Kendra has decided to choose between forming a sole proprietorship and a private company.
2. (a) Compare the features of these two ventures being considered by Kendra under the following
headings:
Formation
Source of funding
Liability
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[6 marks]
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