Financial Planning for Entrepreneurs
Commerce ⇒ Entrepreneurship
Financial Planning for Entrepreneurs starts at 11 and continues till grade 12.
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See sample questions for grade 11
Define 'working capital' in the context of financial planning for entrepreneurs.
Describe the steps involved in the financial planning process for entrepreneurs.
Explain the difference between fixed capital and working capital.
Explain the role of financial planning in risk management for entrepreneurs.
Explain the term 'budgeting' in the context of financial planning for entrepreneurs.
A business has current assets of ₹3,00,000 and current liabilities of ₹1,50,000. Calculate the working capital.
A business needs to purchase machinery worth ₹5,00,000 and maintain a working capital of ₹2,00,000. What is the total capital requirement?
A business plans to raise ₹10,00,000, of which ₹6,00,000 will be equity and the rest debt. What is the debt-equity ratio?
Which of the following is a benefit of financial planning? (1) Increases uncertainty (2) Ensures proper fund utilization (3) Reduces profitability (4) Discourages investment
Which of the following is a factor affecting working capital requirements? (1) Nature of business (2) Colour of logo (3) Number of employees (4) Type of ownership
Which of the following is a function of financial planning? (1) Deciding product price (2) Estimating capital requirements (3) Selecting distribution channels (4) Advertising
Which of the following is a limitation of financial planning? (1) Reduces uncertainty (2) Ensures flexibility (3) May be based on wrong assumptions (4) Facilitates coordination
Fill in the blank: The funds required for acquiring land, building, and machinery are called __________ capital.
Fill in the blank: The funds required for purchasing raw materials and paying wages are known as __________ capital.
Fill in the blank: The mix of debt and equity used by a business to finance its operations is called __________.
Fill in the blank: The process of allocating available funds to various uses is called __________ allocation.
True or False: Financial planning helps in avoiding business shocks and surprises.
True or False: Financial planning helps in the coordination of various business activities.
True or False: Financial planning helps in the optimum utilization of resources.
True or False: Financial planning is a one-time activity for entrepreneurs.
