MGT211 Assignment 1 Solution Fall 2022 | Download solution in PDF from Website Free Assignment / GDB

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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