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    Section B: Read The Case and Answer The Question(s) Written Below The Case.

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    Nehal Nahyan
    This document contains instructions for a midterm exam for an Introduction to Business course. It includes: 1. Details about the exam such as the date, duration, total marks. 2. Instructions to answer 5 out of 8 multiple choice questions covering topics like government intervention in business, differences between business and economic profit, and types of business ownership. 3. An instruction to read a case study about a woman who worked with her husband to build a successful business but discovered after his death that she had no legal ownership since it was a sole proprietorship in his name alone. 4. A question is included asking students to discuss what the case tells them about partnerships versus sole proprietorships as

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    Section B: Read The Case and Answer The Question(s) Written Below The Case.

    Uploaded by

    Nehal Nahyan
    10 views2 pages
    This document contains instructions for a midterm exam for an Introduction to Business course. It includes: 1. Details about the exam such as the date, duration, total marks. 2. Instructions to answer 5 out of 8 multiple choice questions covering topics like government intervention in business, differences between business and economic profit, and types of business ownership. 3. An instruction to read a case study about a woman who worked with her husband to build a successful business but discovered after his death that she had no legal ownership since it was a sole proprietorship in his name alone. 4. A question is included asking students to discuss what the case tells them about partnerships versus sole proprietorships as

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    Business Question Paper

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    Mid Term 1_Q

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    This document contains instructions for a midterm exam for an Introduction to Business course. It includes: 1. Details about the exam such as the date, duration, total marks. 2. Instructions to answer 5 out of 8 multiple choice questions covering topics like government intervention in business, differences between business and economic profit, and types of business ownership. 3. An instruction to read a case study about a woman who worked with her husband to build a successful business but discovered after his death that she had no legal ownership since it was a sole proprietorship in his name alone. 4. A question is included asking students to discuss what the case tells them about partnerships versus sole proprietorships as

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    10 views2 pages

    Section B: Read The Case and Answer The Question(s) Written Below The Case.

    Uploaded by

    Nehal Nahyan
    This document contains instructions for a midterm exam for an Introduction to Business course. It includes: 1. Details about the exam such as the date, duration, total marks. 2. Instructions to answer 5 out of 8 multiple choice questions covering topics like government intervention in business, differences between business and economic profit, and types of business ownership. 3. An instruction to read a case study about a woman who worked with her husband to build a successful business but discovered after his death that she had no legal ownership since it was a sole proprietorship in his name alone. 4. A question is included asking students to discuss what the case tells them about partnerships versus sole proprietorships as

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 2

    Mid Term: 1 4, 2013 Duration: 1 hour

    University of Dhaka Department of Management Studies Course Code: EM 501 Course Title: Introduction to Business Date: February Total Marks: 15

    Section A: Answer ANY 5 (five) of the following questions. (2 X 5 = 10)


    1. Give an example of Government intervention in business practices. 2. Is there any difference between business profit and economic profit? Explain your answer. 3. What is the main difference between free-market economy and socialism? 4. Why is the sole proprietorship the most popular form of business ownership? 5. What are the rights of consumers that should be protected by business organizations? 6. Define business ethics and whistle blower. 7. How does a country use import tariffs to restrict international business? 8. Can female and male managers apply each of the managerial skills discussed in the class with equal effectiveness? Section B: Read the case and answer the question(s) written below the case. (5) But weve had a partnership all these years. We built the business from nothing. It was a labor of love. Al would produce, sell and pack the shipping cartons. I handled the rest typed invoices, answered the phone, did odds and ends just everything. We grew the business over the years. Eventually we hired some employees, built a small combination office-warehouse, and made it our full-time business. Our kids worked in the summer to help us out. It was a real family business. After all those years and hard work the company did well. We had one hundred employees and a regional reputation. Now you are telling me that John Briggs and Company no longer exists? That: The death of my husband had ended the business. The business was legally a sole proprietorship and not a partnership. My husband did not designate in his will that the assets of the business were to be left to me. Im not identified anywhere bank statements or company documents. Even though John never made a decision without consulting me, I was never a partner because everything was in his name.

    I just cant believe we did this to ourselves. Question: (a) What does this case tell you about partnership? (b) What specific point is made about a sole proprietorship as a form of business? (c) What alternatives are available to prevent this type of situation from recurring?

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