Discuss the Functions Served by Political Parties in Today's Political

question 67

Essay

Discuss the functions served by political parties in today's political system.​

Grasp the principles and benefits of Management by Objectives (MBO).

Understand the role and impact of planning specialists and staff planners in the planning process.

Learn about the significance of setting realistic and challenging goals.

Acknowledge the process and advantages of scenario planning in preparing for future possibilities.

---

Definitions:

Joint Venture

A business arrangement where two or more parties agree to combine their resources for accomplishing a specific task, sharing profits, losses, and control.

Specified Purpose

A defined goal or objective that a project or venture aims to achieve.

Limited Partnership

A partnership structure where there is at least one general partner who manages the business and assumes unlimited liability, and one or more limited partners who provide capital and have liability only up to the amount of their investment.

Unlimited Liability

Refers to a legal structure where the owners are personally responsible for the debts and obligations of the business without any limit, potentially impacting their personal assets.