Wah College of Accountancy

B.com-Part 1
Course: Introduction to Business Time: 3 Hrs.

Total Marks: 100

Note: Attempt any Five questions, each question has equal marks. (20)
Q 1. Define Sole proprietorship; and also give advantages and disadvantages?
Q 2. Define business. Discuss qualities of a good businessman.
Q 3. Define marketing? what are the main functions of marketing.
Q 4. Explain the Difference between the Memorandum of association and article of association?
Q 5. What is partnership deed? Describe its provisions.
Q 6. Explain the procedure of registration of partnership firm. What are its advantages? Also
explain the effects of non-registration?
Q 7. What is difference between dissolution of partnership and dissolution of firm and what are
the ways of dissolution of firm?
Q 8. What are the various kinds of companies? State the difference between private limited
company and a public limited company.

…………………………………………………………GOOD LUCK……………………………………………………………………