INTRODUCTION TO BUSINESS (MGT211) ASSIGNMENT
Scenario:
At the start
of year 2021, five friends from Faisalabad (a famous city of Pakistan) join hands to start a textile manufacturing
business in Partnership. For simplicity let’s say names of those partners are MR. A, B, C, D, and E who have
invested PKR 30 million, 30 million,
45 million, 20 million and 15 million respectively. Mr. D has decided not to
take part actively in the activities of the business whereas Mr.B wanted not to disclose himself as partner to general
public due to some political reasons. As a result Mr. A have been given responsibility to run the business.
Partnership deed has been drafted and signed by all the partners.
Requirement:
You are
required to recall the five types of partners in your mind and identify the distinct type of each partner in this
Partnership and mention only one reason for that. Present your solution as per
the following format:
Sr. |
Partner Name |
Partner Type |
Reason |
1 |
A |
Active Partner |
Active partner because
He/she is a fully responsible partner of business |
2 |
B |
Secret Partner |
This is a Secret partner
because he/she does not want to publish their business to the public |
3 |
C |
Senior Partner |
This partner is senior
because Mr. C invests large capital in the business |
4 |
D |
Sleeping Partner |
This is a sleeping
partner because Mr. D invests in capita but doesn’t work in business. |
5 |
E |
Sleeping Partner |
This is a sleeping
partner because Mr. D invests capita but doesn’t work in business |
1 mark for identification and 1 mark for the reason
in each case Total =10 Marks
Instructions
u Be brief
and precise.
u Be honest.
Prepare the solution
yourself. Do not copy-paste from any source.
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