SEMESTER SPRING 2012View more random threads:
- MGT610 Business Ethics Assignment 2 Solution fall...
- FIN621 Financial Statement Analysis Assignment No.2...
- MGT 502 Organizational Behavior Assignment. 2 Solution...
- MGT503 – Principles of Management Assignment No. 1 spring...
- MCM301 Communication Skills assignment no 1 spring fall 27...
- Entrepreneurship Assignment No. 01Spring 2011 idea solution
- ENG201 Assignment No. 1 Business and Technical English ...
- Mth101 assignment no 2 idea solution april spring 2011
- MGT503 Principles of Management Assignment no 1 Discussion...
- Mth101 Calculus & Analytical Geometry Assignment 02 Fall...
Introduction to Business (MGT211)
Due Date: 12 April, 2012 Marks: 20
Assignment:
Mr. Aleem and Mr. Ali are lifelong friends living in same locality since their childhood. Recently, they have decided to enter into a new business venture but they have not yet decided upon the nature/kind of business.
Aleem had Rs. 550,000/- which he wanted to invest but he had no desire to take active part in managing routine matters/affairs of the business while Ali was a handyman and always enjoyed designing of readymade garments for men as a hobby.
Luckily, a running garments business was available for sale for sum of Rs. 1,500,000/- and they agreed to buy the business. Ali has Rs. 250,000/- as an initial investment and the remaining amount of Rs. 700,000/- was to be borrowed from a local bank in order to acquire the business.
They eventually purchased the business and registered under the name “AL-Noor Garments”. As Aleem would not take part in the affairs of business so Ali will be having full control over the operations of the business but the profit/loss will be shared equally.
Sponsored Links
Requirements:
Question no 1 (06 Marks)
Would the status of Ali be different from Aleem? Briefly explain in the context of types of partners.
Question no 2 (14 Marks)
Being a business consultant you are required to suggest key points to be added in partnership deed for Al-Noor Garments so that any future conflicts can be avoided.
There are currently 1 users browsing this thread. (0 members and 1 guests)