Business Arithmetic — Entrepreneurship STD 12 Commerce — Question

Nayan has just passed his Senior Secondary Examination from a CBSE affiliated school. He wanted to start his own business but was undecided about the nature of the business to be started. One day, during the morning walk, his grandfather fell down in the park and was injured. He observed that his grandfather often forgot to take his medicines. He thought that the same problem may be faced by other old people. He thought to develop a walking stick for old people that could be fitted with some electronic devices connected to the mobile phones of the members of their families which could indicate the location of the old people when they go outside their homes. He also thought to fit a timer in the stick that could remind them about the time of taking their medicines. Identify and state the meaning of the concept described in the above para that helped Nayan in structuring his idea of solving the problem.

Answer each of these questions in about fifteen words:
How will you differentiate between financial market with other market? Give one difference.

Give the symptoms of business failure as exhibited in the balance sheet of a company.

Mohit Pipes and Tube Co. Ltd. goes for public issue of 10,000 shares @ 10 each. Applications were received for 15,000 shares. How did the company proceed with the process of issuing shares?

Answers to these questions should not exceed 15 words:
Explain the following terms with proper example:
Cash outflow

What is the need of finance?

Name and explain any three central level financing institutions supporting entrepreneurs.

Answers to these questions should not exceed 75 words:
What are the key aspects of financial decision making?

Distinguish between ‘fixed capital’ and ‘working capital’.

How is organizational plan important to a potential investor?