The firm and its types
Answers are for parents and teachers.
1
Find one private firm and one MChJ in your area (shop, workshop, etc.) and note their differences in a table: owner, management, liability.
The answer depends on the chosen examples: a private firm has one owner who manages it and answers with all property; an MChJ has several founders and liability limited to contributions.
2
Three founders contributed 20 mln, 20 mln and 10 mln so‘m. If the year’s profit is 25 mln so‘m, shared in proportion to contributions, how many so‘m does the third get?
5000000
3
Write one similarity and one difference between a partnership and an association firm.
Similarity: both are formed on the property of two or more people. Difference: partners work in the firm themselves and are fully liable, whereas founders of an association firm may stay out of management and have limited liability.
4
What did Abu Rayhon Beruni say about labour and wages? Write briefly (3–4 sentences).
Beruni held that economic activity comes from a person’s striving to meet needs through labour and creativity; both mental and physical labour matter, and wages should depend on how hard and productive the work is.