MGT211 ASSIGNMENT 01 SOLUTION
M G T 211 ASSIGNMENT=01 SOLUTION FALL SPRING 2022
QUESTION:01
a) Why is secrecy important in any form of business?
SOLUTION:
The breakdown to secure secret information may not only go ahead to loss of business or customers, therefore it also unlock the risk of secret information being misrepresented to commit against the law action such as scam. The significant element of secrecy is that it helps to build trust . the major and common rule of defense of business secrecy has been recognized in the sole proprietorship, it is easy to support the secrecy while it is hard in partnership. So , we harshly developed the rules that our colleague does not reveal any type of secrecy.
**************************************************************************
QUESTION:01
b) Should the individual opt for partnership mode of business or stick to sole Proprietorship? Justify your answer with proper reasons.
SOLUTION:
Yes, of course character must enter into the partnership form of business because of some of the following reasons:
§ More resources
§ sharing of work
§ In the sole proprietorship, their is infinite liability, that is a great disadvantage
§ In sole proprietorship true data is not kept. this enlarged the chances of frauds for corrupt employees.
§ In the sole proprietorship it is very hard to increase the business because of limited life of owner and limited resources.
**************************************************************************
very important announcement
for more assignment quizzes g d b midterm past papers multiple choose questions short questions long questions final term short questions long questions multiple choose questions important quizzes important
past papers m c q short questions long questionsfor free quizzes assignments g d b visit my you tube channel v u knowledge
if you need any help do comment on v u knowledge
don't forget to subscribe for more update
0 Comments
Post a Comment