Scribd Logo
Upload

Welcome to Scribd!

  • 31 views

    Business Assignment: Student Name Section Submitted To Submittion Date

    Uploaded by

    ari chan
    This document contains a business assignment submitted by Sara Abdulkadir to Teacher Abdu on December 27, 2021. It includes 10 questions and answers about business topics such as the definition of business, the role of business enterprises in economic growth, the differences between goods and services, the four characteristics of services, income tax calculations, the differences between continuous and intermittent processes and brokers and agents, the differences between wholesalers and retailers, the basic phases of the business cycle, and the definition of business law.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Business Assignment: Student Name Section Submitted To Submittion Date

    Uploaded by

    ari chan
    31 views6 pages
    This document contains a business assignment submitted by Sara Abdulkadir to Teacher Abdu on December 27, 2021. It includes 10 questions and answers about business topics such as the definition of business, the role of business enterprises in economic growth, the differences between goods and services, the four characteristics of services, income tax calculations, the differences between continuous and intermittent processes and brokers and agents, the differences between wholesalers and retailers, the basic phases of the business cycle, and the definition of business law.

    Original Title

    Business assignment

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document contains a business assignment submitted by Sara Abdulkadir to Teacher Abdu on December 27, 2021. It includes 10 questions and answers about business topics such as the definition of business, the role of business enterprises in economic growth, the differences between goods and services, the four characteristics of services, income tax calculations, the differences between continuous and intermittent processes and brokers and agents, the differences between wholesalers and retailers, the basic phases of the business cycle, and the definition of business law.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    31 views6 pages

    Business Assignment: Student Name Section Submitted To Submittion Date

    Uploaded by

    ari chan
    This document contains a business assignment submitted by Sara Abdulkadir to Teacher Abdu on December 27, 2021. It includes 10 questions and answers about business topics such as the definition of business, the role of business enterprises in economic growth, the differences between goods and services, the four characteristics of services, income tax calculations, the differences between continuous and intermittent processes and brokers and agents, the differences between wholesalers and retailers, the basic phases of the business cycle, and the definition of business law.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    Business assignment

     Student name:- sara abdulkadir

     Section:-1107

     Submitted to:-Teacher Abdu

     Submittion date:-27/12/21
    Questions and Answers
    Q1, what is business?
    A, business can be defined as a socio-economic activity
    that satisfies human needs and wants by providing goods
    and services for profits to maintain and improve quality
    of life.

    Q2, what the role of business enterprise for


    economics grow?
    A, business enterprises among the major establishment in
    any country that influence social and individual life.

    Q3, what is different between goods and


    services?
    A, goods are tangible as in these have a physical presence
    and they can be touched, while services are intangible in
    nature , services are activities that help people or
    organization without directly creating a physical product
    Q4, list and explain briefly the four domantion
    of services ?
    A, services have four characteristics. These are:-
    A) Service intangibility:- means that services cannot
    be seen, tasted, felt, heard or smelled before it is
    bought or consumed.
    B) Service inseparability:- means that services cannot
    be separated from their provides whether the
    providers are people or machines.
    C) Services variability:- means that the equality of
    services depends on who provides them as well as
    when ,where and how they are provided.
    D) Service perishability:- means that services cannot
    be stored for later sale or use.
    Q5, taking as a model of individual worker
    basic salary rate 30%. Calculate the net pay
    income and he personality income?
    A, personal IT= Ato biruk works monthly
    salary=5000birr
    Income tax-(5000 ×30)=1500
    1500-412.50 = 1,087.5
    Income after income tax=1,087.5-5000 = 3,912.5
    Net profit = net profits per year = 60,000
    Profits tax= 60,000×30% - 4950.00
    =18,000 – 4950.00
    = 13,050.00

    Q6, what is the difference between continuous


    processes and intermittent processes?
    A, continuous process run for long periods of time with
    few pauses or changes.
    - Intermittent processes are suited to custom products.
    A custom product is made according to the
    customer’s specification and design.

    Q7, what is the difference between brohers


    and agent?
    A, agents are firms that act on behalf of the
    manufactures, brohers bring buyer and sellers
    together and assist in negotiation.
    Q8, what is the difference between
    wholesaler and retailer ?
    A, a retailer is a seller who deals directly with
    consumers, wholesaler is a business firms that buys
    goods in large quantity from different manufactures
    and re-sales them in smaller lots

    Q9, list the basic of business cycle?


    A, -peak - trough - contraction -expansion
    -peak:- is reached when the economy has produced
    the greatest amount of output.
    -trough:-or depressions and unemployment tends to
    be as its peak and production at it low point.
    -contraction:- a contraction generally occurs after the
    business cycle peaks , but before it becomes a
    through.
    -expansion:-is where the economy is experiencing
    positive and increasing economic output.

    Q10, what is the business law?


    A, business law is concerned with any segment of the
    legal system that provides for a smooth and orderly
    flow of business transaction and the settlement of any
    disputes that many arise over this transaction.

    The
    End

    You might also like