INTRODUCTION TO BUSINESS – IMPORTANT QUESTIONS BY KHALID AZIZ

INTRODUCTION TO BUSINESS – IMPORTANT QUESTIONS BY KHALID AZIZ

1) DISCUSS THE SCOPE AND OBJECTIVES OF BUSINESS. DEFINE BUSINESS AND DIFFERENTIATE IT FROM TRADE.
 2) WHAT DO YOU MEAN BY BUSINESS PROBLEMS? LIST THE USUAL PROBLEMS OF BUSINESS.
3) WHAT ARE THE EFFECTS OF PRIVATIZATION OVER ECONOMY OF PAKISTAN?
 4) DIFFERENTIATE BETWEEN CAPITALISM AND SOCIALISM. WHAT ECONOMIC SYSTEM HAS BEEN FOLLOWED IN PAKISTAN? WRITE A NOTE ON MIXED ECONOMY.
5) NAME VARIOUS ENVIRONMENTS INFLUENCE BUSINESS ACTIVITIES.DISCUSS SOCIAL AND CULTURAL ENVIRONMENT.

6) WHAT IS PARTNERSHIP? DISCUSS PARTNERSHIP DEED. ALSO DISCUSS DISSOLUTION OF PARTNERSHIP.WHAT ARE DUTIES AND LIABILITIES OF A PARTNER? UNDER WHAT CIRCUMSTANCES IS THE SOLE PROPRIETORSHIP BUSINESS CONVERTED INTO PARTNERSHIP.
7) WHAT ARE VARIOUS TYPES OF BUSINESS OWNERSHIP? DIFFERENTIATE BETWEEN PUBLIC AND PRIVATE COMPANY. DEFINE A JOINT STOCK COMPANY, ITS CHARACTERISTICS AND INCORPORATION PROCEDURE.
 8) WHAT ROLE THE STOCK EXCHANGE PLAYS IN THE ECONOMY OF A COUNTRY.
9) DEFINE INSURANCE, WHAT ARE VARIOUS TYPES OF INSURANCE? LIST AND EXPLAIN BUSINESS RISK.IMPORTANCE OF INSURANCE. CHARACTERISTICS OF INSURABLE RISK.

10) SHORT NOTES
 A) QUALITIES OF A GOOD BUSINESS MAN
B) INVENTORY CONTROL
C) BUSINESS COMBINATIONS
 D) WAGE INCENTIVE PLANS
E) TRANSPORTATION
F) SELECTION PROCEDURE OF STAFF
G) SALES PROMOTION
H) SERVICES OF A WHOLE SELLER
I) MARKETING (DEFINITION AND IMPORTANCE)
J) ADVERTISING