Download App

Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning5 Marks
Question
While doing the manpower planning an entrepreneur, decides to keep less qualified manpower and give them low wages and salaries to enable higher profits. Do you think his/ her approach is correct and justified, why?
✓

Answer

No, this approach of the entrepreneur is incorrect. This is because:
  1. In such situation he will not be utilising the resources fully and this will mean more likely wastage of the resources.
  2. Entrepreneur will be not fulfilling his responsibility of doing social service.
  3. He will not be doing social justice as he will be exploiting the people for his selfish motive.
  4. He is also not following self control. Self control is a essential trait for the long term success of the enterprise.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "5 Marks Question" from Entrepreneurial Planning→Entrepreneurial Planning — all question types→Entrepreneurship STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

Answer each of these questions in about two hundred and fifty words:
Explain the characteristics of angel investors.
→
Rajeev has just completed his B.Tech and wants to start his own business. He knew that the demand of electricity in India was increasing day by day, whereas its generation was not sufficient. Rajeev shared his views with some of his friends, and they all decided to start the business of electricity generation. They experimented various methods and ultimately succeeded in electricity generation through garbage. They all were very happy as India is also facing the problem of garbage disposal.
  1. Identify and explain the source of 'Idea-field' from where the idea had been generated by Rajeev and his friends.
  2. Also, explain two other sources of Idea fields with the help of example.
→
Explain the various types of brands available.
→
What is meant by venture capital? State any five features of venture capital.
 
→
Calculate working capital Raja & Co. has the following items in its Balance sheet Stock- 50,000: Trade creditors– 32,000; debtors– 75000; cash– 1,00000 Dividend payable- 50,000; Tax– 44,000; Short term loan– 61,000; Short term investments– 76,000 Calculate gross and net working capital.
→
Steve Perlman, the inventor of Web TV, built his first home computer when he was only fifteen years old. In 1995, he created a working prototype of the Web TV box.
He and a fried Bruce Leak, started a firm with another friend Phil Goldman and began to sell Web TV out of the guest bedroom in Perlman's house. Perlman, being something of a mad scientist, buried himself in development and let his partners worry about the money. By 1997, Perlman had raised and burned through $ 46 million developing Web TV. Luckily, thats when Microsoft's came calling. Joining Microsoft's team netted Perlman and his two partners around $ 70 million a piece. Identify the type of venture. Discuss its suitability and characteristics.
→
Explain 'Market-Driven Ideas', 'Trading related Ideas' and 'Service-Sector Ideas' as different Idea Fields.
→
How growth is essential for the existence of an enterprise?
→
Business activities which are done mainly for economic consideration can be classified into manufacturing, service and trading. Explain each of them.
→
What is break-even point? Why should entrepreneurs know about break-even point?
→