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/B.Com/AD/BS Total Marks: 100
Pass Marks for B.A/ B.Com: 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
Q.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)
Q.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)
Q.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)
Q.4 What is marketing? Explain marketing mix. Also write down the function of
marketing. (20)
Q.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/ B.Com: 40
Pass Marks For AD/BS: 50
Q.1 What is meant by strategy and structure of a business? Discuss with examples. (20)
Q.2 What are the specific factors which prevent a small business from obtaining funds
from a bank in Pakistan? (20)
Q.3 What are the financial statements? Explain their types and functions. (20)
Q.4 What is income tax? How it is paid in Pakistan by a manufacturing business. (20)
Q.5 Explain in detail the benefits and costs of acquisition and merger for a business. (20)