3.5 Review of learning outcomes
Decide for yourself, by working through the table below, whether you have satisfied the learning outcomes for Part B.
| I am confident that I have a sufficiently comprehensive understanding to enable me to move on. | I am sufficiently confident in my understanding to enable me to move on, but I am aware that I need to revisit the material later. | I found this difficult to understand and need to look over it again before moving on. | |
| You should be able to: | |||
| 1 Identify the main types of business medium. | |||
| 2 Demonstrate an understanding of the key characteristics of businesses run as sole traders. | |||
| 3 Demonstrate an understanding of the key characteristics of businesses run in partnership. | |||
| 4 Identify in broad terms where the risks of business failure lie. | |||
| 5 Determine what are the assets and liabilities of a business using numeracy skills (Activities 5, 8 and 9). |