Chp 1:
ERQs:
1. Identify the difference between the objectives of public organizations and private organizations.(2019)
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2. The production capacity of TWO businesses of leather industry is as under(2019)
Compare the production capabilities of both the products.
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3. Shabana is a sole proprietor of a stationary shop in a reputed school of Karachi.
Discuss any THREE features of sole proprietorship.(2018)
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4. A new branch of the school has started operating in another part of the city. The school
management has asked Shabana to open the stationary shop in the new branch as well.
Since Shabana cannot manage both shops at the same time, therefore; she is planning to have
partnership in the new stationary shop.
With reference to the above situation, discuss TWO advantages and TWO disadvantages of such
partnership for Shabana(2018)
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5. The given table shows the employment details of country A over a period of 10 years.
Employment data from 2006 to 2015 for country A is(2017)
The labour force for the country A in 2006 was 90 million and in 2015 it was 94 million.
Explain any TWO possible reasons for the changes in the pattern of employment between 2006
and 2015 in country A.
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6. Identify any THREE types of businesses given in the table below.
7. Read the following case and answer questions 1a and 1b.
Ammar worked in a company that produced soft drinks. He decided to leave the job and start his own
business. As he did not have sufficient money and marketing experiences, he formed a partnership
with Amir (a wealthy person and a qualified marketer) by the name of A & A Partners.
Identify and explain TWO reasons due to which Ammar would have decided to leave his job and
start his own business?
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CRQS:
1. Rashid Limited is a manufacturing business based in Pakistan which produces towels
And blankets. The Board of Directors (BOD) is planning to expand their business but
because of financial and legal issues in other countries, they are unable to work on their
plan. Recently the Government of Pakistan has issued the following advertisement
Explain FOUR benefits of the above mentioned measures introduced by the government
for Rashid Limited.
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2. ‘Factors of production’ is an economic term that describes the inputs that are used in the
production of goods or services in order to make economic profit.
Explain FOUR factors of production along with ONE characteristic of each.
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