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MGT211 Introduction To Business assignment no 01 solution and discussion due date 26-11-2014

Comments and Suggestion to solve this Assignment

Introduction to Business (MGT211)
Fall, 2014
Assignment.01
Due Date: November 26, 2014
Total Marks: 10
Topic: Sole Proprietorship and Partnership
Objective
The prime objective of this activity is to know the importance of scope of business.
Learning outcome of the activity
After attempting this activity, the students will be able to:
1. Know how to run a sole proprietorship or partnership.
2. Identify the role of sole proprietorship and partnership.
Scenario:
Mr. Khalil started a business of hotel five years ago. His hotel business has grown with the
passage of time but now is at stand still. Mr. Khalil wants to expand it over other cities but due to
lack of capital he can’t to do this. Mr. Jibran (a rich friend of Mr. Khalil) approached him and
asked to join him in his hotel business then he will also invest his capital in this business. Firstly,
Mr. Khalil hesitate a little bit to form partnership with Mr. Jibran but later he recognizes that he
alone will not be able to expand the business. Now Mr. Kahlil has only two options whether to
run a hotel business as a sole proprietor or form a partnership with Mr. Jibran.
Requirement:
Consider yourself as business analyst and evaluate above two options, discuss the advantages
and disadvantages of each option and recommend to Mr. Khalil that which option is most
suitable for him.
Note:
 Advantages and disadvantages should be in bullet form and carry 2 marks each.
 Recommendation to Mr. Khalil carries only 2 marks.
Important:
Grace period of extra 24 hours 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:
 Take help from internet for collecting the information.
 Carefully watch relevant lectures and consult the relevant material from handouts along
with recommended books.
 Attempt the assignment by yourself and it will be entertained positively.
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 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.
Note related to load shedding: Please be proactive
Dear Students!
As you know that Pre Mid-Term semester activities have been started and load shedding problem
is also prevailing in our country now a days. Keeping in view the fact, you all are advised to post
your activities as early as possible without waiting for the due date. For your convenience;
activity schedule has already been uploaded on VULMS for the current semester, therefore no
excuse will be entertained after due date of assignments, quizzes or GDBs.

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