1. Define small business. Discuss the reasons for growth of small business.

What are the

causes of small business failure?
2. Briefly discuss the responsibility of business to different stakeholders. What are the
factors influencing ethical behavior?
3. Define a contract. Discuss the essential elements of a contract. Illustrate your answer.
4. Why firms conduct international business? Discuss the barriers and approaches to
international business.
5. What are the importance of objectives? Discuss the different management functions.
6.Discuss the principles of organizing. Describe the matrix structure of organization and
its advantages and disadvantages.