1. Mr Ravi Kumar is a sole proprietor. He has been doing the wholesale business of tea for the last ten years. The Brand Name of his tea is 'Kadak'. This is a popular brand of
its region. For sometime now he has been worried about two issues. First, his business
organisation comes in the unorganised sector; so people have little faith in him. For
example, if he wants to buy goods on credit from a trader, he is unable to do so easily.
Similarly, if he wants to get a loan from some one, he is able to do so on very hard terms.
Such a treatment by the people produces the inferiority complex in him. The second
issue worrying him is that his responsibility in business is unlimited. If unfortunately he
suffers a heavy loss in business, his business property and personal property both will
be finished. He wants that he should get rid of these worries also. With this problem in
hand, he contacts a business specialist. He suggests such a way out as removes all the
problems of Ravi, Ravi adopts the new form of business quite happily.
In your opinion what advice might have been given to Mr Ravi Kumar by the business
specialist and why?
[3]
Dorcon

Which of the following is located at the point where the supply and demand curves intersect? a. the equilibrium price. b. the minimum supply. c. the level of efficient production. d. the maximum demand. 2b2t

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?

Who is better at multi-tasking? in business, employees are often asked to perform a complex task when their atten-tion is divided (i.e., multi-tasking). human factors (may 2014) published a study designed to determine whether video game players are better than non–video game play-ers at multi-tasking. each in a sample of 60 college stu-dents was classified as a video game player or a non-player. participants entered a street crossing simulator and were asked to cross a busy street at an unsigned intersec-tion. the simulator was designed to have cars traveling at various high rates of speed in both directions. during the crossing, the students also performed a memory task as a distraction. two variables were measured for each student: (1) a street crossing performance score (measured out of 100 points) and (2) a memory task score (measured out of 20 points). the researchers found no differences in either the street crossing performance or memory task score of video game players and non-gamers. “these results,” say the researchers, “suggest that action video game players [and non-gamers] are equally susceptible to the costs of dividing attention in a complex task”