The LC Business paper has three sections: 

Section 1: Short Questions 
Answer 4 from 12 questions. 

Section 2: Applied Business Question (ABQ)
This is a compulsory question. Based on unit 4,5 and 6, it usually has three parts  (A, B & C).

Section 3: Long Questions 
This is divided into two parts: 
Part 1 will have 4 questions
Part 2 will have 4 questions 
You must answer at least one question from part 1 and at least one question from part 2 and one question from either part 1or part 2.
In total you must answer three long questions out of eight.