XI Principle of Commerce 2001
XI Principle of Commerce
Note: Attempt Five questions in all.All questins carry equal marks.
1.a) Define Commerce.(5)
b) Name and describe briefly the functions of Commerce.(10)
2.a) Give the kinds of the methods of Filing.(5)
b) State the functions of a business office.(10)
3.a) Define Partnership.(5)
b) What do you understand by Partnership Deed? Give their contents.(10)
4.a) Describe the procedure followed in exporting goods to a foreign country.(10)
b) Name the documents used in export trade.(5)
5.a) Define a joint stock company.
b) Distinguish between Memorandum of Association and Articles of Association of a Company.
6.a) What do you understand by Advertising?(5)
b) Differentiate between Advertising and Salesmanship.(10)
7.a) Explain the sources of Long-term Finance.(6)
b) Explain the sources of Short-term Finance.(9)
8. Write short notes on any Three of the following:(15)
i) Letter of Credit
ii) Clearing and Forwarding Agent.
iii) Bill of Lading
iv) Sleeping Partner
v) Warehousing
vi) Standardization
9.a) What are the various of a business letter? Draw up a sketch and show those parts in it.(8)
b) Briefly describe the qualities of a good business letter.(7)
OR
Certain goods were sent to you by train from Lahore to Karachi.On taking the delivery you found out that a few articles were missing from the consigment.Write a suitable letter of complaint to the railway authorities concerned.Assume necessary details.(15)
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