Tag: organization of commerce and management

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Questions Related to organization of commerce and management

Multiple choice organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

Social entrepreneurs acts as the ___________.

  1. Change agent for poor people

  2. Change agent for government

  3. Change agent for society

  4. Change agent for nation
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A social entrepreneur is a person who develops or establishes an enterprise with the aim of solving social problems. They aim for bringing a change in the society. They act as the change agent for society's good.

Multiple choice organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

NSDA means  

  1. National Small Development Agency

  2. National Skill Development Area

  3. National Skill Durable Agency

  4. National Skill Development Agency
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

NSDA  which stands for National Skill Development Agency was set up as an autonomous body which was created with the mandate to co ordinate and harmonize the skill dvelopment activities in the country. It is a part of the Ministry of Skill Development and Entrepreneurhip .

Multiple choice organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

The innovative methods used in social enterprises to broaden the access of capital includes -

  1. Loan guarantee

  2. Quasi-equity debt

  3. Polling

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The innovative methods used in social enterprises to broaden the access of capital includes:-

Loan Guarantee:- It is a type of finance in which one party promises to assume the debt obligation of the borrower if the borrower defaults.
Quasi- equity Debt:- It is a type of financing which posses both the characteristics of debt and equity.
Polling:- It is a type of financing where there is grouping of resources for the purpose of maximum advantage or minimum risk.

Multiple choice organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

_______is particularly useful for enterprises that are legally structured as non-profits and therefore cannot obtain equity capital.

  1. Quasi-equity debt security

  2. Loan security

  3. Deemed security

  4. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Quasi equity debt security posses the characteristics of both equity and debt. It is particularly useful for enterprises that are legally structured as non profits and therefore cannot obtain equity capital.

Multiple choice organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

Which of the following challenges social entrepreneurship are facing?

  1. Limited access to early stage capital

  2. Development of new product

  3. Maintaining profits

  4. All of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Social entrepreneurs are the person who set up an enterprise with the aim for doing something for social benefit. They as like other entrepreneur face a lot of challenges but the major one is access to early stage capital. They find it difficult for funding their business.

Multiple choice organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

The key to managing return on funding in social enterprises is to offer______.

  1. Consistent risk and return to all investors

  2. Different risks and returns to different kind of investor

  3. Return on the basis of types of social enterprise

  4. All of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

As a social enterprise find it difficult for funding their business. They need to pool funds from diversified investors for financing their business. They are faced with different risks and have to offer different returns to different kinds of investors for accessing to their capital needs.

Multiple choice organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

The funding of social entrepreneurship is essentially a problem of -

  1. Availability of investment option

  2. Financing structuring

  3. Profits

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Financing structuring refers to the balance between all companies liabilities and equity. In case of social entrepreneurship it is essentially a problem. 

Multiple choice organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

An entrepreneur generates employment for which of the following categories of people?

  1. For women

  2. For lower middle class

  3. For SC/ ST

  4. All the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Entrepreneurship is a major driver of inclusive economic growth, creating employment opportunities across diverse demographic groups, including women, lower-middle-class individuals, and marginalized communities.

Multiple choice organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

How do entrepreneurs ensures economic efficiency?

  1. By reducing wastes

  2. By increasing yields

  3. By technical progress

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Economic efficiency does not only mean gaining profits. For ensuring economic benefits many factors have to be considered. Entrepreneurs by focusing on some areas achieve economic efficiency. 

 By reducing wastes in production, by increasing yields per input and focusing on technical progress an entrepreneur achieves economic efficiency.

Multiple choice organization of commerce and management entrepreneurship: an introduction, nature, importance and problems functions and role of an entrepreneur entrepreneurs types of entrepreneurs

What measures the percentage increase in capital formation required  for obtaining a percentage increase in GDP?

  1. Liquidity ratio

  2. Incremental capital output ratio

  3. Financial leverage ratio

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Incremental capital output ratio measures the marginal amount of investment capital needed to generate a next unit of production.

Incremental capital output ratio= Annual Investment/Annual increase in GDP.