Entrepreneurship Management 2

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Assignment – A

Question 1. All entrepreneurs can be managers but all managers cannot be entrepreneurs. Explain

Question 2. Describe the role, scope, and opportunities for women entrepreneurs in India.

Question 3. Discuss the qualities of a successful entrepreneur.

Question 4. Discuss the role of support institutions to promote small enterprises.

Question 5. Discuss the current industrial policy of government of India regarding the development of small scale business in India.

Assignment – B

Question 1. Prepare a project report for setting up a computer-training institute

Question 2. Interview two entrepreneurs from your city and write the details of their Business.

Case Study

Mr Vivek Verma after his completion of engineering degree in 1992, started his career with for GOMMA ENGENEERING (PVT.) LIMITED, a Mumbai based company engaged in manufacturing of plant and machinery for food processing companies. He was responsible for all installations and maintenance of new and existing plants. After working for more than ten years with company he left the job and recently started his own ice-cream manufacturing company at Lucknow. As he was having a specialization in plant installation he has done it well. The brand name of the ice cream is ‘FUNDAY’. Initially he started creating demand with the help of personal references but after completion of one year he could not even reach to break even point. He started facing problems in terms of marketing of his product. He is finding it very tough to market the product in open market because of the fact that ice cream industry is a highly competitive industry and along with the major brands like ‘KWALITY’ ‘MOTHER DAIRY’ ‘AMUL’ ‘CREAM BELLS’ ‘BASKIN ROBINES’ , many local players also operates in the market. Although quality of ‘FUNDAY’ icecream is equally good but he is not able to market the product. He is having a small fund base so he cannot afford to spend much on promotion also. He is not able to understand how to develop a strong channel of distribution. He has already invested almost all of his capital in the business. He is not able to understand what to do. He is in trouble. 1. What might be the probable motivation that Mr. Verma left a good settled job and started his own enterprise? 2. Suggest Mr. Verma a marketing strategy so that he can operate in the market successfully.

Assignment – C

1. Which of the following is not an essential characteristic for entrepreneurs?
(a) Must be innovative
(b) Must have a business family background
(c) Must be goal oriented
(d) Must have good interpersonal skills

2. What is true for a small scale unit
(a) maximum investment in plant and machinery must be 1 crore
(b) maximum investment in plant and machinery must be 50 lakhs
(c) maximum investment in plant and machinery must be 75 lakhs
(d) maximum investment in plant and machinery must be 60 lakhs

3. which of the following combination can not be called product line
(a) biscuits, bread, cheese, chips
(b) soaps, detergents, shampoo, liquid soap
(c) fairness cream, lipsticks, nail polish, moisturizers
(d) paint, toothpaste, pens, wire

4. Which of the following is not an item of variable cost?
(a) lease rent of the factory
(b) cost of raw material
(c) income tax
(d) sales expenses

5. Which of the following is not a function of EXIM BANK?
(a) assistance to Indian exporters
(b) assistance to overseas buyers
(c) advisory services
(d) promotion of FDI’s

6. Which of the following is false regarding WTO?
(a) the WTO advocates free trade at any cost
(b) provide consultancy services to member countries
(c) Settlement of trade disputes
(d) All above are true

7. SIDBI is a
(a) commercial bank
(b) developmental bank for small scale business
(c) mutual fund
(d) regulatory authority

8. EMT stands for
(a) Enterprise management training
(b) Entrepreneurs managerial training
(c) Entrepreneurs motivation training
(d) Entrepreneurs management techniques

9. In case of SWOT analysis ‘T’ stands for
(a) tension
(b) temperature
(c) technique
(d) threat

10. Which of the following is not a function of SSIDC?
(a) arranges imported raw material
(b) provide credit facility for raw material suppliers
(c) arrange marketing assistance
(d) all of the above are the function of SSIDC

11. If price per unit is Rs. 500, fixed cost Rs. 25,000 and variable cost per unit is Rs. 250, then BEP is
(a) 100
(b) 110
(c) 150
(d) 200

12. Which of the following is true regarding entrepreneurs?
(a) only rich people can become entrepreneur
(b) entrepreneurs have risk bearing capacity
(c) entrepreneurs exploit the labours
(d) best entrepreneurs are found in Gujrat only

13. DIC is
(a) District investment council
(b) District inspection council
(c) Divisional investment council
(d) Divisional inspection council

14. Which of the following is a function of SIDBI?
(a) refinancing
(b) bills discounting
(c) direct assistance
(d) all of above

15. Which of the following is a feature of monopolistic competition?
(a) few buyers and few sellers with product differentiation
(b) few sellers and large buyers with product differentiation
(c) large no of sellers without product differentiation
(d) large no of sellers with product differentiation

16. Cost of production is equal to
(a) direct material + direct labour+direct expense
(b) direct labour + direct material + direct expenses + factory overheads
(c) direct labour + direct material + direct expenses + factory overheads + administrative overheads
(d) direct labour + direct material + direct expenses + factory overheads + administrative
overheads+selling overheads

17. Which of the following is not included in ‘nine Ms’ of production management??
(a) Money
(b) Material
(c) Measurement
(d) Minutes

18. ECGC is
(a) export council for garments companies
(b) export credit guarantee corporation
(c) electronic clearing guarantee corporation
(d) electronic corporation for garment companies

19 Which of the following institution was not promoted or small scale business
(a) SIDBI
(b) SCICI
(c) SIDC
(d) NSIC

20. Which of the following is not an element of promotion mix?
(a) personal selling
(b) advertising
(c) sales promotion
(d) none of the above

21 Which of the following is problem for growth women entrepreneurs in India
(a) socio culture norms of society
(b) inadequate vocational and technical training
(c) lack of initiatives by government
(d) all of the above

22. Which of the following is not a type of EDP?
(a) Entrepreneurship awareness training programme
(b) Entrepreneurship development training programmes
(c) Product oriented entrepreneurship development training programme
(d) All of above are type of EDP’s

23 Thematic Appreciation Test (TAT) is conducted
(a) to know the process of influencing others
(b) to remove the barriers of creative thinking
(c) to determine the existence and level of achievement motivation among the participants
(d) to help trainees to familiarize themselves with each other

24. Which of the following is true?
(a) entrepreneurship is a monopoly of certain community
(b) entrepreneurs are born
(c) women entrepreneurs is a separate category and needs a special treatment
(d) all above are false

25 Achievement motivation is represented by
(a) an urge to excel
(b) desire to achieve success in competition with self
(c) desire to achieve success in competition with others
(d) all of the above

26 Tiny industries are
(a) industries with maximum investment of Rs 50 lakhs
(b) industries with maximum investment of Rs 5
(c) industries with maximum investment of Rs 15 lakhs
(d) industries with maximum investment of Rs 20 lakhs

27 SSI registration is given by
(a) NSIC
(b) Registrar of companies
(c) DIC
(d) CED

28 Which of the following is not a function of HR department
(a) Selection
(b) Budgeting
(c) Training
(d) Labour welfare

29 Under the provision of Indian bonus act, 1965, the minimum rate of bonus for employees earning less than Rs 2500 per month is
(a) 10.45%
(b) 12.75%
(c) 8.33%
(d) 7.5 %

30 Net worth of the firm is
(a) total assets + total liabilities
(b) market value of total assets
(c) Capital + reserves
(d) None of the above

31 Which of the following is a paid form of promotion
(a) advertising
(b) publicity
(c) promotional offers
(d) personal selling

32 Which of the following is an item of nominal account
(a) building account
(b) bank account
(c) salary account
(d) creditor’s account

33 Which of the following is not a part of EMT
(a) know yourself stage
(b) knowing the destination stage
(c) Empowerment stage
(d) Knowing the competitor

34 Which of the following a not a direct tax
(a) Income tax
(b) Wealth tax
(c) Trade tax
(d) Custom duty

35 Which of the following can be a source of opportunity identification for entrepreneurs
(a) trade fairs
(b) conferences
(c) Exhibitions
(d) All of the above

36 DIC function under
(a) ministry of finance
(b) ministry of commerce
(c) directorate of industries
(d) directorate of business

37 which of the following provides training to entrepreneurs
(a) IDC
(b) SISI
(c) NSIC
(d) SIDBI

38 which of the following is not an item of cash flow
(a) loan
(b) dividend
(c) depreciation
(d) investment

39 which of the following is not a part of desk research
(a) published data of companies
(b) published data of government
(c) annual reports
(d) personal interviews

40 which of the following ratio is an efficiency ratio
(a) Inventory turnover ratio
(b) Quick ratio
(c) Net profit margin ratio
(d) Debt equity ratio