Multiple choice questions : Solutions of Questions on Page Number : 411 Q1 : Entrepreneurs undertake (a) Calculated risk (b) High risk (c) Low risk (d) Moderate and calculated risk Answer : Risk refers to the probability that the realised profits are less than the expected profit. When an entrepreneur sets up a venture, he is not sure of its success. There is no assurance of returns or profits. Moreover, he also takes up the risk of choosing entrepreneurship as a career over practice of a profession that involves an assured pay off. However, an entrepreneur always takes calculated risk.…
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True or false : Solutions of Questions on Page Number : 378 Q1 : State whether the following are true or false. (i) Consumer protection has a moral justification for business. (ii) In addition to rights, a consumer also has some responsibilities. (iii) A complaint can to be made to a District Forum when the value of the goods or services in question, along with the compensation claimed exceeds Rs 20 lakhs. (iv) The Consumer Protection Act provides for six consumer rights. (v) ISI is the quality certification mark used in case of food products. (vi) Under the Consumer Protection…
Short answersvery short answers : Solutions of Questions on Page Number : 357 Q1 : What is marketing? What functions does it play with process of exchange of goods and services? Explain. Answer : Marketing refers to the process wherein the buyers and sellers interact with each other for purchase and sale of goods and services. Earlier, marketing had different approaches with respect to its definition. It was sometimes described as a post-production process that involves purchasing of the final products and sometimes, as a pre-production process that involves merchandising (designing) of the product. In reality, marketing is a much…
Multiple choice questions : Solutions of Questions on Page Number : 286 Q1 : Primary and secondary markets (a) Compete with each other (b) Complement each other (c) Function independently (d) Control each other Answer : Primary and secondary markets complement each other. Primary market deals with the issue of new securities. That is, through the primary market a company raises capital directly from the borrowers. On the other hand, secondary market deals in the purchase and sale of the existing securities. That is, once the securities are issued in primary market, they are then traded in the secondary market.…
Multiple choice questions : Solutions of Questions on Page Number : 263 Q1 : The cheapest source of finance is (a) debenture (b) equity share capital (c) preference share (d) retained earning Answer : The cheapest source of finance is retained earnings. Retained income refers to that portion of net income or profits of an organisation that it retains after paying off dividends. An organisation can reinvest its retained earnings or profits for the purpose expansion, modernisation, etc. It neither involves any fund raising cost nor any risk. Also, unlike other sources of finance it does not involve any obligation…
Reading with insight : Solutions of Questions on Page Number : 100 Q1 : The two accounts that you read above are based in two distant cultures. What is the commonality of theme found in both of them? Answer : The autobiographical accounts included in the “Memories of Childhood” are by two women from socially marginalized sections in two distant cultures of the world. One highlights the evil practice of racial prejudice while the other talks about the hierarchical Indian caste system and untouchability. The first part traces how the author, a Native American, was victimized at the hands of…
Read and find outbefore you read : Solutions of Questions on Page Number : 70 Q1 : What kind of a person was Evans? Answer : Evans was a congenital kleptomaniac who was imprisoned in the Oxford Prison. He urged the prison authority to allow him to take the examination for O-level in German as it would help him gain some educational qualification. Although, a pleasant personality with no record of violence, he had managed to escape thrice from the prison. His intelligent and conspiring mind is the focus of the story. He managed to dodge everyone with his foolproof…
Read and find out before you read : Solutions of Questions on Page Number : 56 Q1 : Who is Mr. Lamb? How does Derry get into his garden? Answer : Mr. Lamb is an old man who lived in a big house with a huge and beautiful garden. He had lost one of his legs due to a bomb explosion and it had now been replaced with a tin leg. He liked to talk to people and make them his friends, and so, he kept the gates of his garden always open. Derry was a fourteen-year-old boy who was…
Read and find out : Solutions of Questions on Page Number : 48 Q1 : Who is Jo? How does she respond to her father’s story telling? Answer : Jo or Joanne was the four-year-old daughter of Jack and Clare. She was accustomed to hearing stories from her father every evening and on Saturday afternoons, for the past two years. With each passing day, sleep had started eluding her during these story sessions, and her mind and body stayed wide-awake, engrossed in the world of fantasy and adventure. She was an intelligent and inquisitive child. Her mind was bubbling with…
Read and find outbefore you read : Solutions of Questions on Page Number : 24 Q1 : Who was Dr Sadao? Where was his house? Answer : Dr. Sadao was a famous surgeon and scientist of Japan. He was a sympathetic man who remained loyal to his profession even in adverse situations. He lived in his ancestral square stone house in Japan which was built upon rocks, above a narrow beach, on the Japanese coast. Q2 : It is the time of the World War. An American prisoner of war is washed ashore in a dying state and is found…