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Question 1: Mr. Abdualla's has a hotel in Muscat. He is the investor in this business. Due to the some issues, now he wants to
Question 1: Mr. Abdualla's has a hotel in Muscat. He is the investor in this business. Due to the some issues, now he wants to expand his business. He requested Mr. Jamal to invest OMR 20000 for the business and Mr. Jamal gave the same. From the above scenario, attempt the following questions. (a) Explain the form of business ownership Mr. Abulla had at the beginning of his business. State any 3 limitations of such form of business. (5 Marks) (200-250 Words) (6) Explain the form of present business Mr. Abdullah and Mr. Jamal are doing. State any 3 merits of ench hucinecs 15 Question 2: Safa LLC is a large-scale manufacturing company. The company has prepared their organization chart in a pyramid form. (a) Name and explain with diagram, the pattern of a organization chart prepared by Safa LLC. (5 Marks) (150 - 200 Words) (b) Distinguish between formal and informal organizations with suitable example for each. (5 Marks) (250 300 Words) Question 3: Mr. Hakeem and Mr. Jabir are friends. Mr. Hakeem is a very rich man ad he is willing to buy a car. Mr. Jabir also willing to buy a car but he doesn't have enough amount for this. From the above scenario, (a) Identify who is creating demand to the car and explain your reasons for the same. Also define the term 'demand'. (5 Marks) (200 - 250 Words) (b) Discuss the term 'needs' and 'wants' with suitable examples for each. (5 Marks) (200-250 Words) Question 4: (a) Mr. Sulaiman provides relevant, accurate and timely information about his manufacturing company for helping its Manager in decision making. Which field of accounting is related with the task of Mr. Sulaiman? Explain the same with example. (2. 5 Marks) (100 Words) (b) Discuss any five differences between banking and finance. (7.5 Marks) (300-400 Words) Question 5: Al Seer LLC is a Dubai based large scale trading company. Last one year, the company is facing many issues in their business due to the changed external factors. You are required to analyze any five external factors which might have affected the business of the company with examples for each. (10 Marks) (450 500 Words)
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