Final: 29-11-2021
ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD
(Department of Business Administration)
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: Fundamentals of Business (8402) Semester: Autumn, 2021
Level: BBA (4 Years)
Total Marks: 100 Pass Marks: 50
ASSIGNMENT No. 1
(Units: 1–5)
Note: Attempt all the questions. Examples with special reference to Pakistan will carry
more credit.
Q. 1 Explain why people are willing to be entrepreneurs, even though they might
potentially lose all the money that they invest in the business. (20)
Q. 2 How can tying employee compensation to a firm’s performance resolve some conflicts
of interest? (20)
Q. 3 What are the two basic determinants of market prices? How are shortages and
surpluses corrected in the marketplace? (20)
Q. 4 Identify and briefly describe the foreign characteristics that can influence
international business investments. (20)
Q. 5 Discuss the advantages and disadvantages of starting your own business compared
to buying a franchise. (20)
ASSIGNMENT No. 2
Total Marks: 100 Pass Marks: 50
This assignment is a research-oriented activity. You are required to submit a term paper.
Include the following main headings in your report: -
a) Introduction to the topic
b) Important sub-topics
c) Practical aspects with respect to the topic
d) Review of theoretical and practical situations
e) SWOT analysis of the organization with respect to your topic
f) Conclusions and recommendations
g) Annex, if any
You must use transparencies, charts or any other material for effective presentation. You
are also required to select one of the following topics according to the last digit of your
roll number. For example, if your roll number is D-3427185 then you will select topic
No.5 (the last digit): -
1. Business Decisions
2. Joint Stock Company
3. Departmentalization
4. Determinants of Market Price
5. Quality Standards
6. Capital Structure
7. Risk Management
8. Life Insurance
9. Business Environment
10. Employees Output
FUNDAMENTALS OF BUSINESS
COURSE OUTLINE (8402)
Unit 1 Motives and Functions of Business
1.1. Goals of Business
1.2. Resources Used to Produce Products and Services
1.3. Key Stakeholders in Business
1.4. Business Environment
1.5. Types of Business Decisions
Unit 2 Social Responsibilities
2.1 Responsibility to Customers
2.2 Responsibility to Stakeholders
2.3 Responsibility to Environment
2.4 Responsibility to Community
2.5 Responsibility to Employees
2
Unit 3 Forms of Business Ownership and Skills
3.1 Sole Proprietorship
3.2 Partnership
3.3 Company
3.4 Corporation
3.5 Managerial Skills
Unit 4 Organizational Structures
4.1 Organizational Structure: Purpose and Types
4.2 Accountability in Organizational Structures
4.3 Distributing Authority among Jobholders
4.4 Employees Output
4.5 Departmentalization
Unit 5 Assessing Economic Conditions
5.l impact of Economic Growth
5.2 Impact of Inflation
5.3 Determinants of Market Price
5.4 Government Influence on Economic Conditions
5.5 Economic Effect across Business Functions
Unit 6 Improving Productivity and Quality
6.1 Resources Used for PrOdLIC60'11 Process
6.2 Selecting a Site
6.3 Selecting Design and Layout
6.4 Production Control
6.5 Quality Standards
Unit 7 Financing
7.1 Methods of Equity Financing
7.2 Methods of Debt Financing
7.3 Issuing Securities
7.4 Capital Structure
7.5 Remedies of Debt Problems
Unit 8 Risk Management
8.1 Risk: Introduction and Types
8.2 Risk Analysis
8.3 Overview of Risk Management
8.4 Insurable Risks
8.5 Uninsurable Risks
3
Unit 9 Insurance
9.1. Vehicle Insurance
9.2. Property Insurance
9.3. Life Insurance
9.4. Health Insurance
Recommended Book:
Madura, Jeff. (The latest edition). Fundamentals of Business. Mason OH: South-Western
CENGAGE Learning
Additional Books:
Dlabay, Burrow, and Kleindl. (2011). Intro to Business. Mason OH: South-Western
CENGAGE Learning
Ristau A. R. (2010). Intro to Business: 21st Century Business. (2nd Edition). Mason:
South-Western CENGAGE Learning.
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