problem 1) What do you understand by nature and scope of management? Discuss the functions of management in details.

problem 2) Discuss meaning, types of organisation and describe in detail the types of organizations’ Structure.

problem 3) What is staffing? Discuss the process of staffing in details.

problem 4) What do you mean by motivation? describe the Herzberg Hygiene theory of motivation.

problem 5) prepare short notes on the following:

a) Approaches of management.

b) Techniques of control.

c) Plan, policies, schedule & procedures.

d) Qualities of an effective leader.

problem 6) describe the concept of price elasticity of demand, income elasticity of demand and price cross-elasticity of demand.

problem 7) Define the concept of Marginal cost. What is the relationship between average cost and marginal cost?

problem 8) describe the characteristics of monopolistic competition. What are the similarities and dissimilarities in equilibrium of firm in monopolistic competition and perfect competition?

problem 9) Differentiate between the followings:

a) Micro Economics and Macro Economics

b) Capitalist Economy and Socialist Economy

c) Positive Economics and Normative Economics