Entrepreneurship Journey — Entrepreneurship STD 11 Commerce — Question

Explain any two advantages of being an Entrepreneur?

Classify the following into fixed cost and variable cost.

1. Rent of a godown.
2. Minimum telephone bill.
3. Interest on capital invested by an entrepreneur.
4. Salary to permanent staff.
5. Cost of raw-material payment of transportation of goods.
6. Daily wages of sweepers.
7. Telephone charges beyond the minimum.

Give one difference between Group mentoring and Peer mentoring.

What is meant by long term capital? Why is it needed?

The accountant of Punjab Jewellers was asked to draw up a cash flow projection for a 1971 period of 6 months ending 30th June, 2016, based on a given set of information. The accountant after preparing the projection, informed the management that the firm will on face a deficit of ₹ 50,000 in the 3rd month of the year. Is it possible? Can cash expenses exceed cash revenues? Also state one value conveyed by the firm by opting to prepare a cash flow projection.

What is a questionnaire? Give the qualities of a good questionnaire.

Difference between cash flow statement and cash flow projection.

The success of an enterprise lies in the capacity and ability of the entrepreneur to perform three functions. What are those functions?

Vishakha runs an export unit, which exports handicrafts to the gulf countries. With the gulf countries imposing quota restrictions on the Indian Government relating to oil imports, the relationship between these countries has become strained so much that the Indian Government has stopped trade with these countries. Which factor is responsible for the risk faced by Vishakha? Identify the value violated by the government of gulf countries.

Explain the consequences of not encouraging intrapreneurship with the help of an example.