WACE Business Management and Enterprise

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Sample original practice question

Try a WACE Business Management and Enterprise question

Which arrangement necessarily reinvests surplus towards its purpose rather than distributing it to members?

  • Not-for-profit organisation
  • Sole trader
  • Ordinary partnership
  • Proprietary company
Show the worked answer

Answer: A

A not-for-profit uses surplus to pursue its purpose; the other forms can distribute returns to owners.

An original practice example, not a prediction of a future exam question.

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What’s included for WACE Business Management and Enterprise

Course-topic checklist

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Assessment links

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The WACE Business Management and Enterprise Mastery Pack includes revision notes, original practice exams, answer guides, practice questions and flashcards. Open the hub for the full contents list and resource previews.

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