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EORUPA SCIENCE &COMMERCE ACADEMY

Questions for Introduction to Business


(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) Define business? What are the characteristics of business & also explain its functions? What do you understand by sole proprietorship? Explain its advantages and disadvantages? Define partnership and explain its merits and demerits? Explain various rights, duties and liabilities of partners? Discuss various kinds of partners in a partnership firm? How may a firm be registered? Describe the special attraction of registration of a firm? Define dissolution of a firm? Explain the circumstances under which a firm may be dissolved? What is a joint stock company? Explain the advantages and disadvantages of a joint stock company? What is the procedure for the formation of a joint stock company in Pakistan? What is describe briefly the three basic legal documents of a joint stock company? What are the salient points of distinctions between memorandum of association and article of association? What is a prospectus of joint stock companies? Describe its contents? Discuss various kinds of companies? What are the main points of difference between: i. Sole Proprietorship and Partnership. ii. Joint Stock Company and Partnership. iii. Public Company and Private Company. Explain the different types of meetings of Joint Stock Company. What are the different modes of winding up of a public limited company? What is cooperative society? Give its merits and demerits. Bring out the difference between Joint stock company and cooperative society? Explain the main types of co-operative societies? Also explain their role in promotion of trade? What is business combination? What are the merits and demerits of business combination? For what purpose, business combinations are formed? Discuss briefly the various types of business combinations? Define marketing? What are the main functions of marketing? What is meant by marketing mix? Discuss its main elements? Discuss in brief the channel of distribution for: a. Industrial Goods b. Consumer Goods What is insurance? Explain the merits of insurance to business. What is insurance? Give difference among Life Insurance, fire insurance, and marine insurance. i. What is fire insurance? Discuss in brief the various types of fire insurance policies? ii. What are the various types of life insurance policies? iii. What is Marine insurance? Explain its different types?

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Prepared By: HAFIZ ABDUL REHMAN 0321-6485593

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