Test: Entrepreneurial Planning- 1 - Commerce MCQ

Pitch deck: A pitch deck is a presentation deck that is used to pitch your idea or company to any number of audiences, generally investors. One of the single most important aspects of an effective pitch deck is to organize it based on the audience and forum to which it is being presented.
A pitch deck with oral narrative: A hopeful, entertaining slide show and oral narrative that is meant to trigger discussion and interest potential investors in reading the written presentation.

A pitch deck with oral narrative: A hopeful, entertaining slide show and oral narrative that is meant to trigger discussion and interest potential investors in reading the written presentation.
Elements of the Pitch Deck Share section. By now, pitch decks have a fairly standard format of 10–12 slides that investors expect founders to roughly adhere to: thesis, vision, problem, solution, traction, team, timing, market, competition, financing, and risks and challenges.

An elevator pitch is a brief, persuasive speech that you use to spark interest in what your organization does. You can also use them to create interest in a project, idea, or product – or in yourself. A good elevator pitch should last no longer than a short elevator ride of 20 to 30 seconds, hence the name.
6 Keys To Delivering A Powerful Elevator Pitch

• Know exactly what you want the outcome to be.
• Tell your audience what they'll get from your proposal.
• Speak in your own authentic voice.
• Control movement to attract your audience.
• Break down each talking point.
• Close in an unforgettable way.

• A partnership is an arrangement where parties, known as business partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations.
• A partnership firm cannot be formed with a minor as the only other member. Dwarkadas & Co, the Supreme Court held that a minor cannot become a full-fledged partner in an existing firm. The only concession that section 30 gives is that a minor may be admitted to the benefits of an existing firm.

The board of directors of a joint stock company are elected by the Shareholders. Every shareholder is entitled to vote without considering the number of shares held by him/her. It leads to the democratic election of directors.

The senior-most male member of the Joint Hindu Family is considered as the Karta of family and he has infinite powers and control over the business. But the main drawback is the unlimited liability associated with the position i.e. his personal assets can be used to payoff the debts, if need arises.

A cooperative society is the association of people who united voluntarily to meet their economic, cultural and social needs. Decision making in this society takes place by following the main principle i.e. "One man, One vote".

• Company is the form of business organisation in which there is a separation of ownership and management.
• Company has a separate legal entity from its members.
• Management professionals of the firm are not considered as the owners of the firm.

The new Companies Act 2013 has prescribed the maximum number of members in case of a partnership firm should not be more than 100 in case of partnerships. As per the previous Companies Act 1956, the maximum limit in case of partnerships was 10 and 20 for banking business and other businesses respectively.

Top 7 elements ideal employee performance appraisal

• Defined Goals and Objectives.
• Continuous Feedback.
• Configurations Flexibility.
• Self Evaluation.
• Compensation and Rewards.
• People Analytics.
• Performance improvement plan.
• Overall Assessment.

• The details displayed often include size, color, price, shipping information, reviews, and other relevant information customers may want to know before making a purchase.
• The product detail page should be carefully designed so that a hierarchy of information is presented in an intuitive manner.

• A production plan serves as a guide for your company's production activities. It establishes and sequences activities which must be carried out to achieve a production target, so that all staff involved are aware of who needs to do what, when, where and how.
• Typically, a plan addresses materials, equipment, human resources, training, capacity and the routing or methods to complete the work in a standard time. The production plan initially needs to address specific key elements well in advance of production in order to ensure an uninterrupted flow of work as it unfolds.

A business plan is a written document that describes in detail how a business, usually a startup, defines its objectives and how it is to go about achieving its goals. A business plan lays out a written roadmap for the firm from marketing, financial, and operational standpoints.
The 3 most important purposes of a business plan are:

• to create an effective strategy for growth,
• to determine your future financial needs, and
• to attract investors (including angel investors and VC funding) and lenders.

• An effective pollution prevention program involves gathering a team of knowledgeable employees together, documenting how the business processes REALLY work, then taking the time to uncover where losses occur and what the actual costs are.
• A production plan serves as a guide for your company's production activities. It establishes and sequences activities which must be carried out to achieve a production target, so that all staff involved are aware of who needs to do what, when, where and how.