4 (a) Define the term 'emotional intelligence'. [2] (b) Briefly explain two of Goleman's emotional intelligence competencies. [3] -m 4(a) Dene the term 'private limited company'. A business owned by private shareholders (1 ). A small to medium-sized company (1). Owned by shareholders (1 ). Shareholders have limited liability (1). Shareholders are often members of the same family (1 ). The business is a separate legal entity (1 ). Cannot sell shares to general public I stock exchange (1 ). Sound denition 2 of the factors listed above (2 marks) Partial definition 1 of the factors listed above (1 mark) No creditable content. (0 marks) Briey explain M possible disadvantages to a sole trader of changing to a private limited company. Answers could include: Loss of 100% ownership of the business. Loss of control of the business (might not be a majority shareholder). Cost of changing to a private limited company. May lose inuence over key decisions such as distribution of prot. future growth policies. Needs to produce end of year accounts more transparency of financial affairs. Information disclosure could make a business competitively disadvantaged. Sound explanation of two disadvantages to a sole trader of changing to a private limited company. (3 marks) Sound explanation of one disadvantage or partial explanation of two disadvantages to a sole trader of changing to a private limited company. (2 marks) Partial explanation of one disadvantage or a list of two disadvantages to a sole trader of changing to a private limited company. (1 mark) No creditable content. (0 marks)