Brief Answer Questions 1. Mention any four traits of an entrepreneur. The four traits of an entrepreneur are mentioned below: Motivation Organizer Risk bearer Hardworking 2. Define the term inventor. Inventory is someone who primarily aims to create something new. To S/he tries to bring positive change in mankind by his/her invention. 3. What is […]
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MGT 220: Entrepreneurship and Enterprise Development
Entrepreneurship and Enterprise Development BBS 4th Year Notes Also Read: Fundamental of Investment[BBS 4th Year]-Notes and Solution
Chapter 8: Indemnity and Guarantee
Very Short Question Answer 1. What is a contract of indemnity? Indemnity is a specific contract where a person promises or gives an assurance to another to save him from loss caused to him in the dealing between them in such circumstances as promised by the promisor. In fact, it is a promise of the […]
Chapter 7: Law of Company and Insolvency Arbitration
Very Short Question Answer 1. What includes by a special resolution? A special resolution includes: Increase of authorized capital of the company. Decrease of share capital. Conversion of company from private to public or public to private company. Amalgamation or merger of company. Issue of Bonus share Change of name and objectives of the company. […]
Chapter 6: Law of Negotiable Instruments
Very Short Question Answer 1. Define negotiable instruments. The word ‘Negotiable’ means transferable from one person to another in return for consideration and ‘Instrument’ means a written documents by which a right can be created infavour of some person. Thus, a negotiable instrument is a document which entitles a person to a sum of money […]
Chapter 5: Contract of Carriage
Very Short Question Answer 1. What is meant by carriage of goods? Carriage of goods refers to the act of transporting or carrying goods, roughly speaking, the people from one place to another by the different means of within the country or beyond the country. In fact, it is the act of transportation of goods […]
Unit 12: Process Improvement
Life Without a Formal Process Many process improvement experts see the world as black and white. They often feel that there are bad software teams without a formal process, and good teams that have one in place. But the world is not that simple! Teams can be effective without a formal software process Teams can […]
Unit 11: Managing an Outsourced Project
Prevent Project Failure Don’t be a hands-off client Constantly communicate project goals The vendor’s goals always differ from the clients Don’t expect the team to ignore the vendor’s goals Work with the team to establish the goals of the project as an equal or greater priority Transparency is especially important in an outsourced project. Estimate […]
Unit 10: Management and Leadership
Responsibility, Authority and Accountability A person has responsibility for a task if: He/she is given sufficient authority to perform it He/she is accountable for its completion A person has authority to perform a task only if he/she is has adequate control over the resources necessary to complete the task. A person is accountable for a […]