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This document outlines 10 questions for an exam on business concepts with a maximum of 100 marks. Students must answer any 5 of the following questions: 1) Define business and discuss its importance. 2) Explain the merits and demerits of sole proprietorship. 3) Explain the different types of partnerships. 4) Describe the main clauses found in a partnership deed. 5) Define a joint stock company and describe the major types of companies found in India. 6) Define a prospectus and list its typical contents. 7) Distinguish between a partnership and a joint stock company. 8) Define scientific management and discuss its importance. 9) Define rationalization and differentiate it from scientific management. 10) Write short notesRead less