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Question

Amar, Akbar and Anthony are three friends pursuing different careers.
(a) Amar is a doctor and is running his own clinic,
(b) Akbar runs a bakery and makes breads and biscuits, whereas
(c) Anthony is an IAS officer. You are required to:
(i) Identify their occupations and (ii) Differentiate between them on the basis of transfer of interest, reward and code of conduct.

Solution
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(i) Amer is a professional. Akbar is engaged in business. Anthony is an employee.
(ii)
Transfer of interest Reward Code of Conduct
Amer Not possibleFee Professional
Akbar Possible, with formalities Profit None
Anthony Not possible Salary Laid down by employer

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