Course Name : Introduction
to Business
Course Code
Course Hours
Semester
Total Weeks
Total Hours
:
:
:
:
:
MGT104
03
1st
16/18
48/54
Learning Objective
This course will enable the students to understand the nature and importance of Business, the formation and functions of various types of Business Organizations.
Week 1:
Introduction
 Definition of business its scope and functions
 The concept of entrepreneur
 Functions and qualities of good entrepreneur
 Industry, its meaning and types
Week 2:
Commerce
 Definition and scope of commerce
 Meaning and basic pr9nciples of Business Organization
 Common Features of Business
Enterprise
Week 3:
Sole Proprietorship
 Meaning of sole proprietorship
 Features of sole proprietorship
 Advantages and disadvantages of sole proprietorship
Week 4:
Partnership
 Definition and its elements
 Advantages and disadvantages
 Partnership agreement, its contents and importance
 Registration of firms and its benefits
Week 5:
Kinds of Partners
 Mutual rights, duties and liabilities of Partners
 Minor partner
 Incoming partner
 Out going partner
 Rights and duties of incoming and outgoing partners
Week 6:
Joint Stock Company
 Definition and features
 Classification a) Chartered company b) Statutory company c) Registered company
Week 7:
Kinds of Joint Stock Companies
 Limited Co a) Public Limited Co b) Private Limited Co
 Unlimited Co
 Guaranteed limited
Co
Week 8:
Promoting a Joint Stock Company
 Memorandum of association
 Articles of association
 Certificate of incorporation
 Prospectus
 Commencement of business certificate

Week 9:
Functions of Joint Stock Co
 Types of capital a) Fixed capital b) Working capital c) Share capital
 Sources of raising funds
 Dividends and its types
Week 10:
Company’s Management
 Share holders
 Directors and their qualification, appointment, powers, duties, liabilities, removal and retirement
 Meetings a) Statutory meetings b) Annual general meeting (AGM)
Week 11: combinations
 Definition
 Causes, objects and purpose of combination
 Types of combinations
 Advantages and disadvantages of combinations
Week 12:
Insurance
 Definition and concepts
 Insurance contracts
 Types of insurance a) Marine b) Life c) Fire
 Advantage and disadvantages
Week 13:
Customs and Excise
 Definition and objective of duty
 Types of duty a) Custom duty b) Excise duty
Week 14:
Stock Exchange
 Meaning
 Feature
 Functions
Week 15:
Procedure of Dealing at Stock
Exchange
 Different types of sales ad purchase transactions
 Causes of price fluctuation
Week 16:
Securities and Exchange
Commission of Pakistan
 Definition of SECP
 Structure of SECP
 Powers and functions of SECP
Course Books
1.
Introduction to
Business by M. Saeed
Nasir
Reference Book
2.
Business Organization
(Latest) by M.H. Ali