INTRODUCTION TO BUSINESS (MGT211) ASSIGNMENT 01
Premise:
Secrecy and confidentiality is very important for any form of any business. Maintaining secrecy would be really important if the owner of a business is afraid to share trade secrets and financial documents. A sole proprietorship would be most appropriate for a business in maintaining confidentiality, as only the sole proprietor is opened to all the secrets. On the contrary, in Partnership mode of business, secrets are opened to all the partners. The scope of raising capital is relatively high is partnerships as compared to businesses solely owned by a single person. An individual may start a business as a sole proprietor. But, he may not be able to raise the required capital for his business at his own. Therefore, he can opt for a partnership form of business but the secrecy of the new business will be compromised.
Question:
Why is secrecy important in any form of business? (5 marks)
Should the individual opt for partnership mode of business or stick to sole Proprietorship? Justify your answer with proper reasons. (5 marks)
Important:
24 hours extra / grace period after the due date is usually available to overcome uploading
difficulties. This extra time should only be used to meet the emergencies and above mentioned
due dates should always be treated as final to avoid any inconvenience. Important Instructions/ Solution Guidelines/ Special Instructions
DO YOUR WORK CLEAN & COMPLETE
Other Important Instructions:
Deadline:
Make sure to upload the solution file before the due date on VULMS. Any submission made via email after the due date will not be accepted.
Formatting Guidelines:
Use the font style “Times New Roman” or “Arial” and font size “12”.It is advised to compose your document in MS-Word format. You may also compose your assignment in Open Office format. Use black and blue font colors only.
Referencing Guidelines:
Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various websites containing information for better understanding or visit http://linguistics.byu.edu/faculty/henrichsenl/apa/APA01.html
Rules for Marking:
Please note that your assignment will not be graded or graded as Zero (0), if: It is submitted after the due date. The file you uploaded does not open or is corrupt. It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc. It is cheated or copied from other students, internet, books, journals etc.
Note related to load shedding: Please be proactive
Dear students!
As you know that Pre Mid-Term semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date.
Solution by Abdul Hadi E Services
Question:
Why is secrecy important in any form of business? (5 marks)
Should the individual opt for partnership mode of business or stick to sole Proprietorship? Justify your answer with proper reasons. (5 marks)
Why is secrecy important in any form of business? (5 marks)
Privacy can allude to inward data that can't be imparted to colleagues inside a business. Remotely, the significance of not sharing proprietary innovations and other data from inside a business with contenders, the press or anybody outside the organization is essential. There are many explanations behind the significance of secrecy. Inability to keep up with classification can bring about the passing of a task for a representative violator. It can likewise prompt loss of business and clients. Loss of representative trust, certainty and steadfastness additionally prompts loss of efficiency. In some unacceptable hands, private data can be abused for criminal behavior, misrepresentation, separation and that's only the tip of the iceberg. It can have awful outcomes. There are regulations which safeguard and oversee the privacy of representative information including benefits, individual data and that's just the beginning. With the increment action, guaranteeing frameworks are secure that
contain is a significant obligation regarding businesses. A "need and false on representatives inside any association is significant. Additionally, the observing and circle back to breaks of classification by workers should be taken care of successfully and productively. Numerous associations have been cut down essentially in light of the fact that one individual was not sufficiently sharp to leave well enough alone or on the grounds that the association didn't have very much set components to guarantee that mysteries were all around kept. This article checks out at the significance of mystery in an association.
Should the individual opt for partnership mode of business or stick to sole Proprietorship? Justify your answer with proper reasons?
Yes, the individual select the decide on organization method of the business in the event that he may not ready to raise the expected capital for his business at his own. However, there is a few burdens of organization mode business as we realize that mystery and privacy is vital for any type of any business. In organization business mode secret are opened for all accomplices. The organization could start with consenting to an arrangement to cooperate, or you might have a casual relationship in view of a discussion and a handshake. There is some regulation Agreement in association business (organization Act 1932) in the
arrangement, you can determine how the accomplices will share liabilities, benefits, and misfortunes. You can accommodate when and how the organization can end, and whether accomplices can move their inclinations in the business to outsiders.
Download Question File and Solution
INTRODUCTION TO BUSINESS (MGT211) ASSIGNMENT 01
Premise:
Secrecy and confidentiality is very important for any form of any business. Maintaining secrecy would be really important if the owner of a business is afraid to share trade secrets and financial documents. A sole proprietorship would be most appropriate for a business in maintaining confidentiality, as only the sole proprietor is opened to all the secrets. On the contrary, in Partnership mode of business, secrets are opened to all the partners. The scope of raising capital is relatively high is partnerships as compared to businesses solely owned by a single person. An individual may start a business as a sole proprietor. But, he may not be able to raise the required capital for his business at his own. Therefore, he can opt for a partnership form of business but the secrecy of the new business will be compromised.
Question:
Why is secrecy important in any form of business? (5 marks)
Should the individual opt for partnership mode of business or stick to sole Proprietorship? Justify your answer with proper reasons. (5 marks)
Important:
24 hours extra / grace period after the due date is usually available to overcome uploading
difficulties. This extra time should only be used to meet the emergencies and above mentioned
due dates should always be treated as final to avoid any inconvenience. Important Instructions/ Solution Guidelines/ Special Instructions
DO YOUR WORK CLEAN & COMPLETE
Other Important Instructions:
Deadline:
Make sure to upload the solution file before the due date on VULMS. Any submission made via email after the due date will not be accepted.
Formatting Guidelines:
Use the font style “Times New Roman” or “Arial” and font size “12”.It is advised to compose your document in MS-Word format. You may also compose your assignment in Open Office format. Use black and blue font colors only.
Referencing Guidelines:
Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various websites containing information for better understanding or visit http://linguistics.byu.edu/faculty/henrichsenl/apa/APA01.html
Rules for Marking:
Please note that your assignment will not be graded or graded as Zero (0), if: It is submitted after the due date. The file you uploaded does not open or is corrupt. It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc. It is cheated or copied from other students, internet, books, journals etc.
Note related to load shedding: Please be proactive
Dear students!
As you know that Pre Mid-Term semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date.
Solution by Abdul Hadi E Services
Question:
Why is secrecy important in any form of business? (5 marks)
Should the individual opt for partnership mode of business or stick to sole Proprietorship? Justify your answer with proper reasons. (5 marks)
Why is secrecy important in any form of business? (5 marks)
Privacy can allude to inward data that can't be imparted to colleagues inside a business. Remotely, the significance of not sharing proprietary innovations and other data from inside a business with contenders, the press or anybody outside the organization is essential. There are many explanations behind the significance of secrecy. Inability to keep up with classification can bring about the passing of a task for a representative violator. It can likewise prompt loss of business and clients. Loss of representative trust, certainty and steadfastness additionally prompts loss of efficiency. In some unacceptable hands, private data can be abused for criminal behavior, misrepresentation, separation and that's only the tip of the iceberg. It can have awful outcomes. There are regulations which safeguard and oversee the privacy of representative information including benefits, individual data and that's just the beginning. With the increment action, guaranteeing frameworks are secure that
contain is a significant obligation regarding businesses. A "need and false on representatives inside any association is significant. Additionally, the observing and circle back to breaks of classification by workers should be taken care of successfully and productively. Numerous associations have been cut down essentially in light of the fact that one individual was not sufficiently sharp to leave well enough alone or on the grounds that the association didn't have very much set components to guarantee that mysteries were all around kept. This article checks out at the significance of mystery in an association.
Should the individual opt for partnership mode of business or stick to sole Proprietorship? Justify your answer with proper reasons?
Yes, the individual select the decide on organization method of the business in the event that he may not ready to raise the expected capital for his business at his own. However, there is a few burdens of organization mode business as we realize that mystery and privacy is vital for any type of any business. In organization business mode secret are opened for all accomplices. The organization could start with consenting to an arrangement to cooperate, or you might have a casual relationship in view of a discussion and a handshake. There is some regulation Agreement in association business (organization Act 1932) in the
arrangement, you can determine how the accomplices will share liabilities, benefits, and misfortunes. You can accommodate when and how the organization can end, and whether accomplices can move their inclinations in the business to outsiders.
Want more info, please press the below button
`
Want more info, please press the below button
`
.webp)
0 Comments
Please write us. Please write in detail that how may we help you