mgt211 ASSIGNMENT 1 SOLUTION FALL 2017
Dear Students, Here You can read and download MGT211- Introduction to Business Assignment No.1 Solution fall - 2017 and Discussion about Assignment MGT211 fall 2017. Assignment Due Date: 14 November, 2017. Assignment Total Marks: 10.
ASSIGNMENT IMPORTANT INSTRUCTION
Topic:
Types of business organizations
ASSIGNMENT OBJECTIVEs
- To familiarize the students with different types of business organizations.
- To familiarize the students with characteristics of the business organization. Learning Outcome:
- Students will be able to differentiate the businesses and its various forms.
- Students will be able to think logically why decision making is important in businesses.
background
There are three basic forms of business organization widely existed in an economy i.e. Sole Proprietorship, Partnership, and Company. Formation of these three businesses requires different legal requirements and obligations. Their success not only depends upon the capital, leadership and the innovation but it also depends upon the wise and well thought decisions taken by the stakeholders.
scenario
Mr. Irshad was running his own business in the vicinity of Lahore. He established a small unit of processing of masala recipes for preparing different traditional and local dishes. With a limited starting capital he was performing well and leading a workforce of 10 employees in his unit. All the employees were well managed under his supervision. One day a bunch of his old friends came to visit him and they were really impressed with his expertise in Masala recipes. They gave him an idea about the expansion of business by forming a company. Actually, they were interested in investing in his business for expansion. Mr. Irshad was also thinking of business expansion and it was good opportunity for him although he was aware of the challenges associated with business expansion.
requirements
If you were Mr. Irshad
- Would you accept/reject the proposal given by his friends? Provide at least five logical arguments in accepting or rejecting the proposal. (5 Marks)
- From the legal perspective, how would you elaborate those requirements that must be fulfilled to form a company? (5 Marks)
note
- Answer should be to the point.
- Copied material will be marked as zero.
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
- Students are advised to study the whole text carefully.
- Try not to include any irrelevant material in the solution
- Try to come up with precise and original answers.
- Any act of plagiarism like copy paste from internet will result in ZERO marks.
- Assignments reaching after the due date would not be considered.
dealines
- 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 website 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.
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