Question 5:

(A)Mr. Amir planning to start his own business, his suggested him to know some of the basic knowledge about like accounting ,economics, finance, marketing etc.. One of the aspects is accounting. Why business men have to know about Accounting? Justify your answer.

(5 Marks, Word Limit 200-300)

(B) Ms.Iman joins an Information technology firm as a system analyst. She has to work in very close coordination with all the departmental heads in the firm, Ms.Iman realizes that each department head has own style of working. They tend to deal with a given situation, an issue or a problem through a combination of their own experience, creativity, imagination, initiative and innovation. From the above scenario: Identify and explain the nature of management highlighted.

(5 Marks, Word Limit 200-300)

please focuse in limit of words