Unit 1: Introduction to Business Management

Topic 1.2: Types of Business Entities Questions

Practice 2 exam-style questions for IB Business Management Topic 1.2. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.

1State2 marks
2022Paper 2
State two features of a cooperative.

Markscheme Snippet

Award [1] per valid feature. Features may include democratic control, owned by members, shared profits, etc.This is a placeholder for the full markscheme. The actual markscheme contains detailed points, examples, and specific criteria required to achieve full marks for this question. It breaks down exactly what examiners are looking for.

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2State2 marks
2022Paper 2
State two features of a public limited company.

Markscheme Snippet

Award [1] per valid feature. Features may include shares sold on stock exchange, limited liability, separate legal identity, etc.This is a placeholder for the full markscheme. The actual markscheme contains detailed points, examples, and specific criteria required to achieve full marks for this question. It breaks down exactly what examiners are looking for.

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