Pankaj is running a Chemist shop under the name ‘Bansal Medicos’ in Ashok Vihar Market. He takes all the decisions about business himself and there is no interference from others. He also earns good profit as a direct reward for his risk bearing. The form of business organisation in which Pankaj is engaged is sole proprietorship. Mention whether the identified form is true or false.
Shillong is famous for its pristine beauty. Ariel Pvt. Ltd. wanted to build an eco-friendly amusement park which will not only be known for fun activities but will also educate the public about various sustainable development home projects. The company felt that it is their duty to educate the present generation about Do-it yourself projects. This will bring awareness about saving our environment for a better future. She put her idea before the venture capitalists by making an entertaining slide show and oral narration. She also presented the executive summary of her proposed venture and a few key graphs. The format of business plan used by Aru is A pitch deck with oral narrative. Mention whether the identified format is true or false.
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Gopi, in order to promote local craftsmen of Gujarat, formed an organization where in the persons voluntarily associate themselves to promote common economic interest. The basic purpose of this organization was to help these craftsmen to find market for their products. It had a managing committee that was elected on the basis of ‘one member one vote’. The form of business organization set up by Gopi is co-operative organisation. Mention whether the identified form of organisation is true or false.
Given below are the formats of a business plan with their meaning. Match them correctly.
Given below are the elements of operational plan with their meaning. Match them correctly.
State Whether the Following Statements are True or False.
Q. A single person can constitute a company.
State Whether the Following Statements are True or False.
Q. The liability of the shareholders of a company is normally unlimited.
State Whether the Following Statements are True or False.
Q. Sales tax is levied on the sale of a commodity.
State Whether the Following Statements are True or False.
Q. Minors cannot form a partnership firm.
State Whether the Following Statements are True or False.
Q. Partnership is the outcome of a contract.
State Whether the Following Statements are True or False.
Q. The marketing plan is a guideline regarding the marketing objectives, strategies and activities to be followed by any enterprise.
State Whether the Following Statements are True or False.
Q. The four Cs of credit are: character, cash flow, collateral and community.
State Whether the Following Statements are True or False.
Q. The objective of the production plan is to plan the work in a manner that each step to be taken in the right place, right degree, right time and more efficiently.
State Whether the Following Statements are True or False.
Q. Proforma investment decisions relates to how the enterprise funds are required in different assets so that the enterprise is able to earn the highest possible returns on investment.
State Whether the Following Statements are True or False.
Q. A business plan is valuable only to the enterprise.
19 videos|60 docs|12 tests
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19 videos|60 docs|12 tests
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