Chapter-1 Introduction to Business 

1. Define the organization, why do organizations exist? (page-04)

2. How do organizations differ? (page-05)
3. Define business. Profit oriented or non-profit oriented. (page-06)
4. What is the primary objective and secondary objective of a business? (page-08)
5. In wealth maximization always the primary objective? (page-10)
6. Define mission, vision, goal, plans and standard. (page-12 & 13)
7. How do you measure the profitability, activity, and productivity? (page-14 & 15)
8. What is the measuring resource? (page-16)
9. Define the critical success factor (page-16)
10. Define the key performance indicators (page-16)

 Chapter-2 Marketing a Business 

1. Define management, what is needed for effective management? (p-26)
2. What is the difference between management and governance (p-26)
3. What is needed for effective management? (p-27)
4. Define power, classified power into six types of sources. (p-27)
5. Define authority, where managerial authority is being exercised? (p-28)
6. Define responsibility and accounting and delegation. (p-28 & 29)
7. Explain the types of manager. (p-29)
8. What is the hierarchy of management used as pyramid? (p-30)
9. Briefly explain the management process. (p-31)
10. Briefly mention the managerial role? (p-32)
11. What is management model? (p-33)
12. What is business function? (p-34)
13. What is marketing & marketing mix? (p-35 & 36)
14. What is consumer & industrial market? (p-36)
15. Define product, what are the three main elements of product? (p-38)
16. What are the general factors to be considered in case of product? (p-38)
17. What service marketing mix? (p-40)
18. What is operation management? What is the key variables management is concerned with balancing? (p-
40)
19. Define HRM, explain the different approach to HRM (p-41)
20. What are the functions of HRM? (p-42)
21. What are the four Cs model of HRM? (p-42)
22. What is the organizational iceberg? (p-42)
23. What are the organizational metaphors? (p-42)
24. Taylors model of  scientific management (p-46)
25. MeGregors model of theory X and theory Y? (p-46)
26. Define motivation how motivated workers are characterized by? (p-47)
27. Maslows’s content of theory the hierarchy of needs. (p-47)
28. What are the motivating factors? (p-49)
29. Define group where group are used to an organization? (p-49)
30. Formulate four stages in the development of group (p-50)
31. What are the roles of a team? (p-50)
32. Blake and Moution’s managerial grid. (p-52)
33. Define delegation, what are advantageous and disadvantageous of delegation? (p-53)
  Chapter-3          Organizational Structure and Business Forms 
1. Define organizational structure, how OS is intended to make a bridge within the organization? (page-62)
2. Explain the Mintzberg’s building and co-coordinating mechanism of organization structure. (page-63)
3. What is the classical principle of organizational structure (Fayol)? (page-64)
4. What is the feature of entrepreneurial structure? (page-67)
5. Advantageous and disadvantageous of ES. (page-67)
6. Features of functional structure (bureaucratic) (page-67 & 68)
7. Advantageous and disadvantageous of FS. (page-68)
8. What is the feature of divisional structure? (page-69)
9. Advantageous and disadvantageous of DS. (page-69)
10. What is the feature of matrix structure? (page-70)
11. Advantageous and disadvantageous of MS. (page-71)
12. What is centralization? (page-71)
13. What is factors affecting the amount of decentralization in a business? (page-71)
14. Which is better centralization or decentralization? (page-72)
15. Define span of control, what shows the classical theorist (Urwich)? (page-73)
16. Define scalar chain, tall business, flat business (page-74)
17. Depicts the structure of tall business, flat business (page-75)
18. What are mechanistic and organic structures?  (page-76)
19. Define mechanistic (bureaucratic) and characteristics of bureaucracy (page-77)
20. Define tradership, features advantageous and disadvantageous (page-79)
21. Define partnership, features advantageous and disadvantageous (page-80)
22. Define company, features advantageous and disadvantageous (page-82 & 83)
23. Conversion of a sole trader, partnership, company (page-84 & 85)
24. Define joint venture, advantageous and disadvantageous (page-85)
25. Define license, strategic alliance, agent, and group. (page-85 & 86)  

 Chapter-4       Introduction to Business Strategy 

1. What is meant by strategy briefly explain the level of strategy (page-96 & 97)
2. What is strategic management explain benefits and drawback of SM and planning. (page-98 & 99)
3. What is in the business’s external environment? (page-103)
4. Define environmental uncertainty, static environment, dynamic environment (page-104 & 105)
5. Using PESTEL analysis the general environment (page-105)
6. How economic factors influence at local national level? (page-108)
7. Analysis the competitive (task) environment Porter’s five forces. (page-110)
8. Analysis the competitors what are the types of competitors? (page-113 &114)
9. Define supply chain management how SCM manage the chain from input resource to the customer?
(page-119)
10. Depicts product life cycle with explanation (page-120)
11. Define market growth and market share with BCG matrix (product & market) (page-121)
12. Define corporate appraisal, combine the element of the SOWT analysis (Page-122 & 124)
13. Determine the mission and strategic objectives (page-127, 128 & 129)
14. Explain Ansoff’s matrix of products and market strategies (page-133)
15. Evaluate alternative corporate strategy and choosing one (page-134)
16. What do you understand about the level of plan? (page-136)  

      
Chapter-5 Introduction to Risk Management 
 
1. Define risk and uncertainty
2. What are upside and downside risk?
3. How far does risk affect a business achieving its objectives?
4. Define risk appetite practice the work example (text).
5. What are the types of risk explain precisely
6. Define risk management when risk management is necessary?
7. Depicts and narrate the risk management  process
8. Define crisis management what are the types of crisis management?
9. Define disaster what are the content of the of disaster management?  

      Chapter-6       Introduction to Financial Management 

 1.  Why is business finance important?

2. Why do business and managers need financial information?
3. What are the types of information?
4.  What ate the ways information can be classified?
5.  Explain the qualities of good information.
6. What is data and information? Mention the possible internal data sources.
7. What are the external sources of data?
8. How is data/information processed?
9. Define the management information system.
10. How do you ensure the security of information?
11. What is financial information used for?
12. Who uses financial information?
13. When is financial information useful?
14. What are the qualitative characteristics of financial statements?

     Chapter-7       The Business’s Finance Function  

1. What does the finance function do? 0r, what are the tasks of finance function?  How does the business
function support the pursuit of business objectives?
2. Depicts the finance function
3. What is cost accounting? Where cost accountings assist for?
4. Define cost centre, how cost can be classified by the nature of expenditure and by the function of
expenditure?
5. Define direct and indirect cost, fixed and variable cost, controllable and uncontrollable cost.
6. Who is the responsible person in an organization to control cost?
7. What is meant by cost volume profit analysis?
8. Define break even point and analysis the limiting factors.
9. Define pricing what factors affects demand?
10. What are influences on the business’s pricing policy?
11. What are the possible pricing objectives in the organization?
12. What should be considered in making investment decisions for long term?
13. Define time value of money.
14. Define budget what are the purpose of budget?  
 
       Chapter-8       Measuring Performance 
 

1. Whey do we measures a business’s performance what are types of performance measures?

2. On what aspects performance are measured?
3. What are the three basic comparisons that can be made by ROCE?
4. Define liquidity Define debt ratio and gearing ratio or leverage ratio
5. What cash operating cycle how to calculate the length of cash operating cycle?
6. What are the limitations of financial measures?
7. Define balanced scorecard
8. What do you understand perspective in the balance scorecard? How to revised financial measures for
the balance scorecard?
9. Define residual income
10. Define economic value added, how can we calculate EVA?
 
  Chapter-9       Working Capital and Treasury Management 
 

1. What is working capital? How to balance liquidity and profitability?

2. What is the risk of short term finance?
3. How to assess the liquidity position via ratio?
4. Calculate the cash operation cycle?
5. With an example differ various types of business’s have different working capital
6. What are the limitations of working capital performance measures?
7. What are the solutions of a liquidity problem?
8. Why organizations hold inventories?
9. Explain different inventory control system (re-order level system, Periodic review system, ABC system
Just- in-time manufacturing system, Perpetual inventory system)

       Chapter-10       The Professional Accountant 

1. What is accountancy profession whey is the accountancy profession is important?
2. Whey should the accountancy profession act in the public interest?
3. What does the public interest require of the profession?
4. What are the fundamental ethical principle(the conceptual framework)
5. Whey accountancy education is important?
6. What are the accounting principles used for?
7. What is the purpose of accounting standard?  
 

      Chapter-11       Structure and Regulation of the Accountancy

Profession 
 

2. Write a short note about IFAC

3. Whey is regulation of profession is necessary?
 

      
Chapter-12       Governance and Ethics  
1. Define corporate governance what are the objective of corporate governance?
2. Whey is corporate governance needed?
3. What is meant by good practice in corporate?
1. What is the function of financial system?
2. What are the types of financial system? explain bank-based and market-based financial system
3. What is governance structure explain principle-based approach to governance structure
4. What is ethical culture? Explain the Nolan principles for business values in a company
5. Define business ethics, code of ethics and the function of a code of ethics.
6. ICAB member and business ethics

       Chapter-13       Corporate Governance  

1. Define the code of corporate governance what are the content of the code of corporate governance?
2. Define internal control what are the role of internal audit?
3. What is an external audit what does the audit opinion mean?
4. What is the external auditor’s role in the corporate governance?

      Chapter-14       The Economic Environment of Business and

Finance 
 

1 . Define market how is the market price of goods determined?

2 . Define demand what factors determine demand?
4. What do you understand shifts of the demand carve?
5.  Define supply depicts a supply schedule and supply carve
6. What factors influence supply?
7. What is the equilibrium price depicts a market demand and market supply carve
5. Depicts different adjustment to equilibrium
6. What do you understand about price regulation?
7. What do you understand about price elasticity of demand?
8. Define elastic and inelastic demand
9. What is the significant of price elasticity of demand?
10. What are the factors influences price elasticity of demand for a good?
11. What is income elasticity of demand?
12. What is cross elasticity of demand?
13. What is price elasticity of demand?
14. What are the characteristics of perfect competition market?
15. How monopoly market is characterized by?
16. Consequence of monopoly market?
17. Further classification of monopoly market
18. How monopolistic market is characterized by?
19. How oligopoly market is characterized by?
20. Is perfect competition (free market) the best structure?
21. Define market failure what are the reasons for market imperfection??
22. What is externality?
 
  
 

      Chapter-15       External Regulation of Business  

 

1  Define regulation why regulation of business is necessary?

2.  What is the legal meaning of regulation?
3.  What is efficient regulation?
4.  What are the outcomes of regulation?
5.  Define compliance; narrate different types of agreement which is fall within the scope of prohibition
6.  Define cartel on which cases cartel member may agree or collude?
7. What is market abuse?
8. Fraudulent trading of an insolvent company—explain
9. Wrongful trading of an insolvent company—explain
10. What do you understand about corporate responsibility for financial reports?
11. What is real time issuer disclosure?
12. What are the economic advantages of international free trade?
13. What are the barriers to free international trade?
14. Write down short notes of the following WTO, EU, NAFTA