0450.1.4.1.01 — Differences between unincorporated businesses and limited companies: past paper questions
Real questions on 0450.1.4.1.01 — differences between unincorporated businesses and limited companies
The newest 20 of 26 written questions. Open one to see it on the real paper.
- 0450/13 · May/June 2026 · Q3c[4]
Outline one advantage and one disadvantage to CNR of being a private limited company. advantage disadvantage
See it on the paper → - 0450/12 · February/March 2026 · Q1a[2]
Define ‘private limited company’.
See it on the paper → - 0450/12 · October/November 2025 · Q3a[2]
Define ‘partnership’.
See it on the paper → - 0450/11 · May/June 2025 · Q1a[2]
Define ‘business partnership’.
See it on the paper → - 0450/12 · February/March 2025 · Q2a[2]
Define ‘sole trader’.
See it on the paper → - 0450/11 · October/November 2023 · Q1a[2]
Define ‘unincorporated business’.
See it on the paper → - 0450/12 · October/November 2023 · Q3c[4]
Identify four types of business organisation in the private sector.
See it on the paper → - 0450/23 · October/November 2023 · Q1a[8]
Explain four differences between a partnership and a limited company. Difference 1: Difference 2: Difference 3: Difference 4:
See it on the paper → - 0450/22 · May/June 2023 · Q1b[12]
Consider the advantages and disadvantages of starting up ET as either an unincorporated business or as a limited company. Which should Zane and Zaara choose?
See it on the paper → - 0450/12 · February/March 2023 · Q4d[6]
Explain two disadvantages to Viktor of operating as a sole trader. Disadvantage 1: Explanation: Disadvantage 2: Explanation:
See it on the paper → - 0450/12 · October/November 2022 · Q4c[4]
Outline, with reference to TYA, the difference between a limited company and an unincorporated business.
See it on the paper → - 0450/13 · October/November 2022 · Q2a[2]
Define ‘limited company’.
See it on the paper → - 0450/21 · October/November 2022 · Q3a[8]
one advantage and one disadvantage to Tokumbo of being a sole trader
See it on the paper → - 0450/11 · October/November 2021 · Q1a[2]
Identify two features of a sole trader.
See it on the paper → - 0450/13 · October/November 2021 · Q1a[2]
Define ‘private limited company’.
See it on the paper → - 0450/13 · October/November 2021 · Q3d[6]
Explain two possible disadvantages to Samuel of operating as a sole trader business. Disadvantage 1: Explanation: Disadvantage 2: Explanation:
See it on the paper → - 0450/12 · May/June 2021 · Q1d[6]
two advantages to Pamela of operating as a sole trader.
See it on the paper → - 0450/13 · May/June 2021 · Q1a[2]
Define ‘partnership’.
See it on the paper → - 0450/11 · October/November 2020 · Q3a[2]
Define ‘sole trader’.
See it on the paper → - 0450/12 · October/November 2020 · Q2c[4]
Outline two advantages to DSY of being a private limited company.
See it on the paper →
What examiners said
Comprehensive responses • These responses included both key elements of the term, namely that a private limited company sold or issued shares and that these shares were sold to friends and family only. Limited responses • Candidates tended to describe features such as limited liability rather than define the term. • Some responses confused private limited company with private sector businesses. •...
— Examiner report, February/March 2026, 0450/12 Q1(a) (Cambridge)
The inclusion of the word business in this question confused some candidates. Such candidates often described a merger and gained zero marks. The strongest answers recognised that a business partnership would involve ownership by two or more people in an unincorporated business. Many candidates lost a mark by using the words run or manage rather than own.
— Examiner report, May/June 2025, 0450/11 Q1(a) (Cambridge)
Many candidates understood that a sole trader referred to an individual running the business. The best answers were able to provide a precise definition. A common mistake was to repeat the word 'sole’ without mentioning that this referred to a single individual.
— Examiner report, February/March 2025, 0450/12 Q2(a) (Cambridge)
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