Mid-Term & Final Question's of Introduction to Business 2

MANARAT INTERNATIONAL UNIVERSITY (MIU)

Department of Business Administration (DBA)

Program: BBA. Semester: Spring-2007. Section: Female

Mid-Term Examination-2007

Course Code: Bus 101. Course Title: Introduction to Business

Time-1.30 Hours                                                                                                                Full Marks- 30  

(Answer Any Two Questions. Questions are of Equal Marks. Figures in the Right Margin Indicate Full Marks)

1. (a) What does Business mean?                                                                                                        

   (b) “All Business Enterprises Have In Common Some Features”. Mention those.                 

   (c) Show Three Distinctions Between Business & Profession.                                                 

   (d) “To Make a Success of the Enterprise, the Business Leader Should Possess Some Basic Qualities”. Mention Them.                                                                                                        

    (e) Define Industry &Trade                                                                                                        

    (f) Identify different types of Industries from the following examples:

Poultry firms, Mining, Oil-exploration, Forestry, Automobiles, Textiles, Bridges,Dams, Lubricating Oil &.Cement.                                                                                      

2. (a) What does Commerce mean?                                                                                              

   (b) Define System & Sub-System with an example.                                                                           

   (c) Mention six Characteristics of the Business System.                                                            

   (d) “The Central Problem of an Economy is to Provide Answers to Some Basic   Questions.” What are those?                                                                                                                     

   (e) Distinguish between Capitalism & Communism.                                                                 

   (f) State the Concept of Business Objective.                                                                               

3. (a)    Define Social Responsibility.                                                                                                                                                                        (b) What are the Arguments in Favour of Assumption of Social Responsibilities by

         Business?                                                                                                                                   

   (c) State the Legislative Measures for Enforcing Social Responsibility.                                   

   (d) What are the Causes of Growing Concern for Social Responsibility?                                                                                                                                                                                 

   (e) Define Trusteeship Principle of Social Responsibility.                                                                                                                                     

   (f) State Two Organic Objectives of Business.                                                                          

MANARAT INTERNATIONAL UNIVERSITY (MIU)

Department of Business Administration (DBA)

Program: BBA. Semester: Spring-2007. Section: Female

Final Examination-2007

Course Code: Bus 101. Course Title: Introduction to Business

Time-3 Hours                                                                                                          Full Marks- 50  

(Answer All Questions From Section-A, and Any Three Questions From Section-B.)

SECTION-B

2. (a) While propounding the Theory of Industrial Location, Mr. Weber made a number of assumptions. What assumptions he made?                                                                                                             

   (b) How can you calculate-          (i) Material Index,                 (ii) Labour Coefficient &                                   (iii) Coefficient of Manufacture.                                                         

   (c) State first three factors, which should be taken into account in deciding the Choice of a Region.                                              

   (d) Selection of the site should be made on the basis of a no. of factors. Mention last four of them.                                                                              

    (e) Define Region and Site of location                                                                                                    

3. (a) Define Sole Proprietorship, one of the forms of business ownership.                                              

   (b) One-man control is the best in the world, if that one man is big enough to manage everything.                                Justify this statement with examples.                                                                                                

   (c) Distinguish between Cooperative & Company  (Any five)                                                               

   (d) Classify one of the main forms of business Co-operatives, which is formed for selling          manufactured or agricultural products. (Marketing Co-operatives)                                               

   (e) State five Principles of Co-operative Society.                                                                                  

4. (a) Define Partnership according to Partnership Act-1932                                                                  

    (b) State the crucial tests for determining the existence of a partnership    (Any six)                                                                                                     

   (c) Classify the General or Unlimited Partnership.                                                                                  

   (d) Can a Minor be a partner? Why or why not?                                                                                                                                                                                                                                     

   (e) Define the Written Agreement of partnership.                                                                                       

                             ­                                  

5. (a) Define Joint Stock Company according to Companies Act-1994                                                         (b) Define Private Company according to Companies Act-1994                                                                                                                                   

   (c) Distinguish between Company & Partnership   (Any six)                                                                   

   (d) Distinguish between Private & Public Limited Company (Any six)                                                                                                                                                                                                 

   (e) As per Companies Act-1994, state the circumstances in which co. may be wound up Voluntarily