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IEM INSTITUTE OF BUSINESS MANAGEMENT

PGDM 1st MID TERM EXAMINATION Semester I-/ Batch: 2013-2015


Paper Name: BUSINESS ENVIRONMENT AND LAW
Maximum Marks: 50

Paper Code *IEM-PGDM- SI-04


Time: 2.00 Hrs.

Instruction :
1. SECTION A Comprises 10 objective questions (Multiple Choice, Filling in the Blanks, True/False,
Very Short Answer). Attempt any 5 questions, each carrying 2 marks.
2. SECTION B Comprises 4 long questions. Attempt 3 questions, each carrying 10 Marks.
3. SECTION C Comprises one Case Analysis/Long Question which is compulsory, carrying 10 Marks.
4. Use Black / Blue ink only.
SECTION A
Define any five of the following:
1. Collaboration
2. Total Quality Management
3. Contract
4. Mistake
5. Acceptance
6. Industrialization
7. Free Consent
8. Valid Contract
9. Void Contract
10. Voidable Contract

(2*5)

SECTION B
Answer any three questions:
1. What is Business Environment?
2. Define types of business environment?
3. What is Privatization and Globalization?
4. Define Obligation ,Offer, Acceptance?

(3*10)

SECTION C
Compulsory question:

(1*10)

What is MNC? Define its Merits and Demerits with example?


OR
Differentiate Between Undue Influence and Coercion?