1. State the Schumpeter’s view of entrepreneur.
An
entrepreneur is an innovator who brings economic development through new
combinations of factors of production.
2. Define Sickness.
According
to Reserve Bank of India, a sick unit is one which incurs cash losses for one
year and is likely to continue to incur cash losses for the current year as
well as the following year.
3. What are the symptoms of Industrial sickness?
1. Persisting
of shortage of cash
2. Deteriorating
financial ratios
3. Widespread
use of creative accounting
4. Continuous
tumble in the price of the shares
5. Frequent
request to banks and financial institution for loan
4. What are the consequences of industrial sickness?
Financial
loss, loss of employment, industrial unrest, harms to invest, wastage of scarce
resources and loss of public revenue.
5. What is an industrial estate?
It is a
method of organizing, housing and servicing industry, a planned clustering of
industrial enterprises offering standard factory buildings erected in advance
of demand and a variety of service and facilities to the occupants.
6. What is self-sufficiency?
Some
firms grow to become independent in terms of marketing of raw material or
marketing of products. They integrate the various stages of industry or acquire
other firms to gain control over the supply of materials and marketing of
finished goods.
7. What are the major causes of sickness?
Internal
causes mainly relate to the poor quality of top management External causes
relate to external factors arising outside the organization.
8. What is the rehabilitation of sick units?
·
Sick Industrial companies Act 1985
·
IDBI‟s Special cell
·
Sick Industrial Undertaking Cell
·
Co ordination committees
·
Quarterly Bank Report
·
Industrial Reconstruction Bank of India
9. What are the roles of government in preventing
the sick units?
The
number of industrial units in the country has increased enormously after the
independence we have diversified industrial structure with widespread
entrepreneurship. Government is responsible for this with its effort at
creating infrastructure facilities, specialized industrial and packaging of incentives
for entrepreneur.
10. What are the institutions supporting the
entrepreneurs?
District
Industrial center, Small Industries Development Organization, National Small
Industries Corporation, National Industrial Development Corporation Ltd., Small
Industries Extension Training Institute Hyderabad and State Trading Corporation
of India.
11. What are the roles of financial institution in
preventing sickness?
Apex
financial institution like IDBI, IFCI, ICICI and nationalized commercial banks
are in a favorable position to prevent industrial sickness. These are to remain
in constant touch with the units with market conditions as well as the funded
units are in an excellent position for receiving early warning of sickness.
12.
What are
the various EDP’s conducted in India?
·
EDP‟s among non engineers
·
EDP‟s among self employment beneficiaries
·
EDP‟s among women entrepreneur
·
EDP‟s for rural artisans, students, weaker section
of the society, physically handicapped person, etc.
13.
Define
plant layout?
Plant layout
is referred to the arrangements and location of different departments and of
the machinery with in a department so that an optimum utilization of space
available can be made with a view to enabling plant to function in an effective
manner.
14. What is working capital?
It is the
amount of funds which an SSI must have to finance its day to day operation.
15. How project report prepared?
A project
report is prepared by the entrepreneur himself or by his consultants or
associates in order to present relevant facts before the decision makers to
enable them to decide whether the project is worthwhile for the investment or
not.
16. What is feasibility report?
A
feasibility report or a project report of a new enterprise or of an expansion
of the existing unit provides in general, primary economic information,
financial data and technical data which serve a quite number of discrete
economic processes or cost structure of the industry concerned.
17. What is financial ratio analysis?
It is a
quantitative technique for assessing the financial health of a unit from the
accounting data and helps to describe the significant relationship between two
comparable figures in the financial statement.
18. What is Fabian Entrepreneur?
These are
traditionally bounded entrepreneurs who would always be cautious and they
neither introduce new changes and they neither introduce new changes, nor adopt
new methods innovated by the most enterprising entrepreneurs. They are lazy,
follow old customs, tradition, sentiments .etc.
19. What is Drone Entrepreneur?
These
entrepreneurs never allow any change in their production and the style of
functioning. They never explore opportunities and neither prepares to take any
risk. They may even meet losses due to obsolete methods of production, but do
not change their production methods and continue to adopt traditional ways in
production processes.
20.
What are
the entrepreneurial performances in India?
(a) socio-cultural
background of the entrepreneur
(b) Motivational
force
(c) Knowledge
and ability of the entrepreneurs
(d) Financial
strength
21.
Define
Gestation Period.
It is
defined as the time gap between the date of incorporation and the date of
commencement of commercial production.
22. What are tiny Units?
These
refer to undertakings having fixed investment in plant and machinery not
exceeding of Rs.5lakhs. These also include undertakings providing services of
laundry, repairs etc.
23.
Characteristics
of small scale business.
1. Personal
character
2. Closely
held
3. Local
area of operation
4. Labour
intensive
5. Indigenous
resources
6. Limited
scale of operations
24.
What is
an Indigenous resource?
Small
scale units that use the local resources. Therefore, they have decentralized or
dispersed location.
25.
What are
the key factors influencing the mobility of entrepreneur?
1. Resources
2. Experience
3. Education
26.
What are
the advantages of Internal Evaluations?
The
evaluators are very familiar with the work, the organisational culture and the
aims and objectives.
Sometimes
people are more willing to speak to insiders than to outsiders.
An
internal evaluation is very clearly a management tool, a way of
self-correcting, and much less
threatening than an external evaluation. This may make it easier for those
involved to accept findings and criticisms.
An
internal evaluation will cost less than an external evaluation.
Related Topics
Privacy Policy, Terms and Conditions, DMCA Policy and Compliant
Copyright © 2018-2024 BrainKart.com; All Rights Reserved. Developed by Therithal info, Chennai.