Allama Iqbal Open University Assignments

ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD(Department of Commerce)WARNING1.PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVINGTHE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM AWARDOF DEGREE/CERTIFICATE, IF FOUND AT ANY STAGE.2.SUBMITTING ASSIGNMENTS BORROWED OR STOLEN FROMOTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN“AIOU PLAGIARISM POLICY”.Course: Fundamentals of Business (5402)Level: Associate Degree in CommerceSemester: Autumn, 2016Total Marks: 100Pass Marks: 50ASSIGNMENT No. 1(Units 1–4)Note:You are required to attempt all questions if you are unable to understand anyquestion of assignment, do seek help from your concerned tutor. But keep inmind that tutors are not supposed to solve the assignment questions for you.Q.1A business operates in its economic and political environment. The performance ofa business is highly dependent on the overall economic performance of a country.In your opinion, what are specific characteristics of a good economic system that

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