Explanation

NATO full form: North Atlantic Treaty Organization

Founded: 4 April 1949 (Washington, USA)

Headquarters: Brussels, Belgium

Total members: 32 (30 European & 2 North American countries)

Latest Member: Finland

NATO Type: Military Alliance

NATO Official Languages: English & French

Founding members: 12

Pakistan: Not a NATO member

Member Muslim country: Turkiye 

Last Member: On 7 March 2024, Sweden became the 32nd member.

List of NATO member countries

1.       Albania

2.       Belgium

3.       Bulgaria

4.       Canada

5.       Croatia

6.       Czechia

7.       Denmark

8.       Estonia

9.       France

10.   Germany

11.   Greece

12.   Hungary

13.   Iceland

14.   Italy

15.   Latvia

16.   Lithuania

17.   Luxembourg

18.   Montenegro

19.   Netherlands

20.   North Macedonia

21.   Norway

22.   Poland

23.   Portugal

24.   Romania

25.   Slovakia

26.   Slovenia

27.   Spain

28.   Turkiye

29.   United Kingdom

30.   United States

31.   Finland 2023

32.  Sweden 2024

Explanation

The first and the most important function of management is Planning.

Planning involves setting objectives in advance, a goal which is to be achieved within a stipulated time.

ND5-09-2023

Explanation

current ratio = current assets (C.A)/ Current 

Liabilities (C.L) = 2/1 

s, CA = 2 CL

Now working capital = current assets (CA) minus Current Liabilities (C.L) = Rs 60000

So, C.A - C.L = 60000

2 C.L - CL = 60000

C.L = Rs. 60000

Now C.A = 2 x 60000

C.A = Rs. 120000

ND5-09-2023ma

Explanation

A general partnership is a business made up of two or more partners, each obligated for the business's debts, liabilities, and assets.

Partners assume unlimited liability, potentially subjecting their personal assets to seizure if the partnership becomes insolvent.

ND5-09-2023

Explanation

The trade-off theory of capital structure tells us that:

Managers should seek an optimal mix of equity and debt that minimizes the firm's weighted average cost of capital,

which in turn maximizes company value

ND4-09-2023

Explanation

Ethnography is a method that is commonly used in qualitative research.

This type of research involves the study of a culture or group of people, usually through fieldwork.

ND5-09-2023

Explanation

A contract is a type of legally binding written or spoken agreement.

A valid contract will create a mutual obligation.

This means that each of the parties is obligated, or required, to perform a duty under the contract.

The contract conditions determine the parties' obligations.

ND5-09-2023

Explanation

The province of Punjab has revised the minimum wage from PKR 25,000 to PKR 32,000 rupees per month for unskilled work.

Similarly, the minimum wages for 102 sectors/industries and various skill categories have also been raised, effective from 01 July 2023

Explanation

Verification refers to  Examination of physical existence and valuation of assets 

Explanation

Floating assets are valued at Cost or market price whichever is lower