ALLAMA IQBAL OPEN UNIVERSITY



ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD

(Department of Commerce)

WARNING

1. PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVING THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM AWARD OF DEGREE/CERTIFICATE, IF FOUND AT ANY STAGE.

2. SUBMITTING ASSIGNMENT(S) BORROWED OR STOLEN FROM OTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN “AIOU PLAGIARISM POLICY”.

Course: Fundamental of Business (463) Semester: Spring, 2021

Level: Bachelor/B.A/AD/BS Total Marks: 100

Pass Marks for B.A/ : 40

Pass Marks For AD/BS: 50

You are required to solve all questions, if you are unable to understand any question of assignment, do seek help from your concerned tutor. But keep in mind that tutors are not supposed to solve the assignment questions for you.

Assignment No. 1

1. Why business is necessary? What benefits a business can bring to a society? In your opinion, the businesses running in Pakistan are beneficial to our society or they are creating social problems and economic inequality? (20)

2. The SECP has allowed the formation of Single Member Company for the sole proprietor to register their business and obtain legal protection. Explain in detail the benefits of forming a Single Member Company. (20)

3. The economy of Pakistan is growing at the rate of 5% per annum which is bringing higher profits for the business. Keeping in view their growth potential of our economy, what other political & social factors are there which a businessman need to keep in mind while doing business in Pakistan? (20)

4. What is marketing? Explain marketing mix. Also write down the function of marketing. (20)

5. The Government of Punjab has recently announced certain incentives for establishing business in newly established industrial estates in rural areas. As a businessman, what factors you will consider for establishing a factory in these industrial estates (20)

Assignment No. 2

(Unit 5-9)

Total Marks: 100

Pass Marks for B.A/ : 40

Pass Marks For AD/BS: 50

1. What is meant by strategy and structure of a business? Discuss with examples. (20)

2. What are the specific factors which prevent a small business from obtaining funds from a bank in Pakistan? (20)

3. What are the financial statements? Explain their types and functions. (20)

4. What is income tax? How it is paid in Pakistan by a manufacturing business. (20)

5. Explain in detail the benefits and costs of acquisition and merger for a business. (20)

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