Explore topic-wise InterviewSolutions in Current Affairs.

Correct answer is b. A Preferential issue 

a) Dual aspect concern

Dual aspect concern is the concept throws light on the point that each transaction as two folds affect such as receiving and giving of the benefits.

Correct answer is c. Above the face value 

Telecom Billing

The process that includes receiving and recording payments from the customers is Telecom Billing.

Correct answer is c. Department of Commercial Affairs 

Thus, the following are the objectives of Identification of business opportunities. 

• Identification of opportunities by an entrepreneur, in the context of probable industries and to decide his own role, the scope of work and relationships, in accordance with the opportunities. 
• To keep watch over the possible market of the commodity or service to be produced. 
• To decide a high-level group of managers, so that entrepreneurial venture may be started. 
• To make an assessment of financial resources by making financial forecasts, in the context of the process if industrial development. 
• To explore the opportunities for possible entry in other areas. 
• To assess the requirements of labour, capital, and materials for the industries. 
• To find out the possibilities of short term and long term development in various areas of the economy. 
• To have the desire for technical knowledge, awareness towards new opportunities and acceptance of the changes. 
• To see the possibilities of diverting the available resources towards achieving the business objectives. 
• To identify those industries, which are not based on local sources, but which may be economically considered, in view of future requirements.

There are the various limitation of planning : 

(i) Based on forecasting –Planning is first based on forecasting which may not be realistic. If the circumstances go contrary the planning is bound to haywire. 

(ii) Political instability – The planning are formed on the basis of the government”s, industrial, economical and monetary policies. Following a change in the government or the policies are subject to change which senders the plannings useless. 

(iii) Reduction in initiative capacity – Every execution and employee has strictly to adhere here to the predetermined policies and is not permitted to take a lead in any activity or decision at his own, resulting in the loss of useful opportunity sometime. 

(iv) Unsuitable for some business- In fashion,share market, information technology etc. Related business a long term planning is sendered unsuitable on account of the everchanging conditions.

Regulatory framework of business is concerned with Regulation. 

(i) Form of external assistance – Identifying the venture opportunities, the form of external assistance is no less significant than the internal resources which play a vital role. External assistance like the internal resources immensely facilitates in spotting the business opportunities. 

(ii) Possibility of expert- Provision of export can also facilitate the entrepreneur in identifying the so-called opportunities which serve as an important factor. If in any venture, there are possibilities of export, a responsible entrepreneur can contemplate to conceive some plan to start such a venture and take the appropriate steps the direction. 

(iii) Gathering information regarding proposed industrial development- After obtaining information with regard to the proposed industrial development, an intelligent, entrepreneur happens to take a find plunge into a project of enterprise. On the basis of the various information, the entrepreneur can unearth the hidden business opportunities and the scope of any further expansion. 

(iv) Availability of Internal resources- The availability of the internal resources is significant factor which considerably facilities the process of identifying the business opportunities. Generally, the business opportunities rest on three stages-Promotion. Expansion and Diversification. 

(v) Availability of industrial raw materials- The availability of the raw material also determines business opportunities to a large extent because the level of production is also determined on the basis of the availability of the industrial raw material. An entrepreneur can make the optimum use of the venture opportunities provided the industrial materials either available. 

(vi) Level of risk – Any business venture includes various challenge which involve many risk in term of economic, social, environmental and technical complication etc. But such a changing scenario encompasses several intangible opportunities and the entrepreneur knows how to convert the challenges in the opportunities or in other words the opportunities lie enshrined in the challenges.

Incentives are not concord with Lump sum payment.

Volume of internal demand factors affecting identification of business opportunities.

Fixed Cost includes is Cost of factory.

Under Franchising Control of the product remains in the hands of franchisor.

Co –ordination is established Between Group, Between Department, Between management and workers.    

The wordly meaning of advertising is to give specific information. At present the meaning of advertising is not limited to give only information but the new customers are created by it and the old customers are made permanent. Under advertising goods and service by various mediums and maximum sale by goods is done by attracting the public towards purchase. In brief advertising is meant to give information of its products and services to the proposed customers and to inspire them for purchasing. According to Wheeler,” Adverting is impersonal presentations of thought, goods and services with the objective of inspiring the people to purchases.” 

According to the Sheldon,” Adverting is such a commercial power under which sale is increased by printed words, goodwill is formed and credit increases.” Characteristics of adverting:- 

(i) Adverting is always impersonal.

(ii) The message is made to reach the general public publically by adverting.

(iii) Advertiser paid for it.

(iv) The massage of adverting can be written or oral.

(v) The objective of adverting is to inspire the customers to purchase the advertised material.

Capital structure includes is Share capital. 

The Nature of Management is as Indian ability and as an acquired ability. 

Finance is the base of business, in the absence of which neither can any business be stared nor can grow. Financial management is skin to the financial arrangements in which an efficient operation for achieving the projected objectives can be ensured. It is said that financial management means managing for any organisational health with finance, Which is also required as the life blood of any organisation. Establishing for any commercial organisation and requisite sources for it. Such as land, building raw material, plant & machinery furniture and other infrastructure etc. Payment of general expenses and for distribution an adequate amount of finance is needed. 

Definitions of ‘financial management’:- Various scholars have defined in different ways as their perception and belief, some of significant definitions are as follows:- 

(i) According to the Howards upon,” financial management is the application of the planning and control function to the finance function,” 

(ii) According to Guthmann & Dougall,” Business finance is the activity concerned with the planning, raising, controlling and administering the funds used in business.” 

(iii) According to J.L massie,” financial management in the operational activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations.”

Financial management is Art and Science. 

The essence of management is Co- ordination. 

Main function of financial management is Financial planning, Procurement fund and Allocation of net profit. 

According to Koontz and O’Donnell “ Direction is the interpersonal aspect of managing by which subordinates are led to understand and contribute effectively and efficiently to the attainment of enterprise objectives.”

According to “kontz” and “odonnell” the main functions is 5. 

B. Probability Technique 

According to Koontz and O'Donnell the main function of management are 5.

B. Profitability index 

C. Internal Rate of Return 

(A) Advertising

A. Less than 1 

A. Time adjusted rate of return 

If you want to keep a proof of your communication you should use Formal communication.

C. Purchase of land 

(D) All of these 

Correct option is B. Irreversible 

C. Benefit Cost Ratio 

A. Decrease in cash

(B) Employees

d) salary or wages

(C) Remains constant