ASSIGNMENT
Chapter 3: Entrepreneurial Journey
Q1 Identify the type of personality an
entrepreneur possesses:
(a) Such entrepreneurs are independent,
aggressive and the driving force of a business
(b) Such entrepreneurs are experts in
managing as well as leading the processes and people
(c) Such entrepreneur looks at employees as
an extended family in business.
(d) Such entrepreneurs are good at
nurturing relationships and work in a team environment
(e) Such entrepreneurs are detail oriented,
and believe in doing the work one way only
(f) Such entrepreneurs believe in
sociability i.e. they enjoy the people side of business
(g) Such entrepreneurs are restless and
achieve their deadlines when working under pressure.
Q2 Describe some of the misconceptions regarding
the business ideas which gives us a false impression.
Q3 Idea can be generated without
considering the changes in the environment. Comment
Q4 Think of an idea you would like to have
a business and give two examples w.r.t. the market research you will conduct.
Q5 Why there is a need for evaluating
ideas?
Q6
Identify any product you would like to launch in the market. Conduct the
various types of feasibility study for the product to be launched.
Q7 Draft a business plan for the product
imagined in the previous question.
Q8 What are the limitations faced by women
entrepreneurs in India?
Chapter 4 –
Entrepreneurship- Innovation and problem solving
Q1 Think of few examples the consumers were
facing and the entrepreneurs came with a solution with their innovation.
Q2 Define social entrepreneurship.
Q3 Briefly describe how Amul is the best
example for social entrepreneurship?
Q4 Social entrepreneurs act as social
catalysts. Comment
Q5 Define risk. Give two examples of risks
which cannot be insured.
Q6 Briefly describe the risks faced by an
entrepreneur due to internal factors
Q7 How Economic factors are the most
important causes of external risks. Explain with the help of example.
Q8 The new forms of business have changed
the way of doing business. Give 3 such examples of digital revolution.
Q9 Explain barriers to entrepreneurship.
CHAPTER : BUSINESS ARITHMETIC
Ques-1. Specify whether the following comprise of Inflow or Outflow of
cash.
a) Money borrowed from brother for business
b) Rent received from the office
c) Travelling expenses of the owners
d) Sale of waste material in the factory
e) Bonus given to the employees on Diwali
Ques-2. Prepare a cash register for the following
• Amit started toys business on April 1
with an opening balance of `60,000/- as cash and `40,000/- in bank account
• On April 5, he purchased raw material for
`10,000/- and paid by cheque
• On April 8 he made cash sales of `5000/-
• On April 10 he bought some furniture for
`7,000/- and paid by cheque
• On April 15 he pays insurance premium of
`1000/- in cash
• On April 20 he deposits `4000/- in his
bank account • On April 25 he pays `15,000/- salary to his employees
• On April 26 he withdraws `10,000/- from
bank
Ques-3. Sheela sells snack boxes from home. She purchases 200 boxes from a
wholesale dealer @ `55/- per box and sells @ 95 per box . She spent `500/- on
advertisement. You have to calculate her income preparing an income statement.
Ques-4. Mohan who was earning `250/- per day as his wages decides to sell
fruit chat as a vendor. Before starting he needs utensils, knife etc. for
`1000/- He will need to buy initial plates, spoons etc. for 500/- Each plate
will cost `20/- per plate and he will sell each plate for `30/- What is the
Gross profit per plate. Also find the Break even volume for Mohan per day.
Ques-5. Why is Break even Point calculated?
Ques-6. Find the total amount of start up cost, fixed cost and variable
cost:- a) Purchase of computers `50,000/- b) Purchase of vehicles `60,000/- c)
Rent of the shop `10,000/- d) Insurance premium `5,000/- e) Packing material
`3,000/- f) Sales commission `2,000/-
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