Entrepreneurship development and management
Enterprenuership Short Questiuons for Diploma
Q.1. define an entrepreneur? Function of entrepreneur.
Ans. an entrepreneur is an individual who forecast future demand for a product or service and arrange a business and enterprise to respond to their demand.
The main quality of entrepreneur are: ll
- Vision
- Risk taking
- Motivation
- Flexibility
- Decision making
Ans. Entrepreneurship is a creative and innovative respose to the environment and an ability to initiate and exploit and economy opportunity
The main feature characteristics of entrepreneurship are:
- It is economic activity
- It is creative activity
- It is innovative function
- It is risk bearing function
Ans. It is National Bank of agriculture and rural development. The main function of NABARD is to provide technical and financial support for development of infrastructure in rural area to state government.
Q.4. What is NSIC.
Ans. NSIC is national small industries corporation. The main object of NSIC is to develop and promote the small scale unit to large scale industries
Q5.What is sole properetirship?
Ans. It is simpletes business form under which one can operate business .It simply refers to a person who own the business and is personally responsible for its debts.
Q6.What is partnership firm?
Ans. It is a legal form os business operation between two or more individuals who share management and profit.
Q7. What are the types of partnership firm?
Ans. Partnership firm of two types.
- Limited partnership
- General partnership
Ans. Small industry service institute
Q9. SIBDI stands for.......?
Ans. Small Industry Development Bank of India
Q10. ICICI stands for.......?
Ans. Industrial Credit and Investment Corporation of India.
Q11. TCO stands for ....?
Ans. Technical Consultancy Organization.
Q12.TBI stands for.....?
Ans. Technology Business Incubator
Q13. What is the full form of STET?
Ans. Science and technology entrepreneurship park
Q14. What is full form of IDBI?
Ans. Industrial development Bank of India.
Q15. What is full form of KVIP?
Ans.
Q16. What is the objective of technology business in Incubator?
Ans. The main objective of technology business incubator is to provide grow through innovation and application of technology support economic development strategies for small business development.
Q17.SFC stands for...........?
Ans. State financial corporation
Q18. MSME stands for.......?
Ans. Micro,small and medium enterprises
Q19. NRDC stands for.........?
Ans. National research development corporation
Q20. What is sole proprietorship. Discuss its suitability?
Ans. It is simplest business form under which one can operate business it's simply referred to to person who own the business and a personally responsible for its debts . A business owned managed by one man is called sole proprietorship or individual ownership.
This type of business enterprise is suitable for small scale industry such as.
- Auto repair shop
- Fabrication work
- Small tool room
- Printing press
- Small textile unit
Ans. commercial bank play on important role in promotion and development of business and industry to providing the loan to it. the commercial bank ok give and support the small scale industries under the scheme of Government of India. They have special loan scheme for technical entrepreneur also. These Bank grant loan to industry for vi as well as for working capital requirement at interest the loan is to be secured by a registered mortage of the fixed asset in the case of loan uilding and inmovable machinery
Q22. Explain Herzberg theory to motivation?
Ans. Frederick Herzberg a great thinker consider ably modify maslow's need approach and he developed a two factor theory of motivation in one group he plays such things as company policy administration and supervisor relation salary status and jobs security one who is not satisfy his called then maintenance Faizan in the second group which one who is satisfy and hence motivator relating to job contents. Job contents include achievement advancement and growth in the job.
Q23. Define leadership? Explain its quality in detail.
Ans. The art of planning leading and guiding the activities of a group of people to achieve a common goal is now as leadership. The quality of a good leader are.
- Good sound health: effective leadership need good physique that can entrepreneur energy and mental strength which make tough jobs easier.
- High intelligence and education: he should have high intelligence to group fact figures and to understand people. His formal education should be as for as possible be in in accordance with his profession.
- Maturity: he should be emotionally stable and are likely to break down with frustration while handling situation and making decisions.
- Communication skill: A successful leader known how to communicate effectively. He helped the skill to convey his message to his subordinate.
- Flexibility: An essential quality of a good leader is the ability to adopt himself and quickly adjust to changing situation.
- Self confidence: Self assurance, self Reliance, in a security and a strong will power make him a confident person.
- Vision: He posses foresight, see new trends and opportunities, anticipates future events.
- Good public relations: A good leader is always careful to see that all his action are not only good, but appeared to be good also.
Q24. Explain Maslow's need hierarchy theory of motivation.
Ans. It is most widely theory of individual need and motivation was developed by Abraham Maslow. Who was a psychologist.he suggested that individuals have a complex set of strong needs . When people basic needs are satisfied, then try to satisfy their higher needs. Maslow stated that people have five levels of needs.
- Physiological needs ( Food, Clothing,Shelter)
- Safety needs ( Security of job, income)
- Social needs ( Friendships,affection,love)
- Esteem needs ( Recognition,power )
- Self actualization needs( Personal , achievement)
Q25. What does it stands for.
Ans. Information Technology
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