Page 25 - THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS

 UNIT 2: ENTREPRENEURSHIP PRACTICE
MODULE 1: ESSENTIALS OF BUSINESS OWNERSHIP

GENERAL OBJECTIVES

On completion of this Module, students should:

1. understand the various types of ventures;

2. conform to local, regional and international legal and regulatory frameworks; and,

3. understand the importance of ethics and social responsibility in operating venture.

SPECIFIC OBJECTIVES

Students should be able to:

1. describe the various types of ventures;

2. evaluate the risks and benefits associated with each form of venture;

3. discuss the importance of observing legal and regulatory practices in operating a venture; and,

4. explain the role of ethics and corporate social responsibility.

CONTENT

1. Types of ventures

(a) Sole trader.

(b) Partnership (Limited and General).

(c) Franchise.

(d) Limited Liability Company/Corporation (LLC).

(e) Private Companies.

(f) Non-Governmental Organisation (NGO), including (Community Based Organisations
(CBOs), Social Enterprises, Charities and Endowments/Foundations) and Cooperative
Societies.

(g) State-owned enterprises (Statutory Organisations).

CXC A31/U2/13 20 www.cxc.org