12th Commerce - Book Back Answers - Chapter 24 - English Medium Guides

  

 

Plus Two / 12th Commerce - Book Back Answers - Chapter 24 - English Medium

Tamil Nadu Board 12th Standard Commerce - Chapter 24: Book Back Answers and Solutions

    This post covers the book back answers and solutions for Chapter 24 – Commerce from the Tamil Nadu State Board 12th Standard textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

    We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

    By going through this material, you’ll gain a strong understanding of Commerce Chapter 24 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

• 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
• 2 Mark Questions: Answer briefly 
• 3, 4, and 5 Mark Questions: Answer in detail

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 12 students! Prepare well and aim for top scores. Thank you!

Chapter 24: Types of Entrepreneurs

I. Choose the correct answer.

1. Which of the following is the Activity of a Business Entrepreneur?
a) Production         
b) Marketing     
c) Operation     
d) All of the above
Answer Key:
d) All of the above

2. Find the odd one out in context of Trading Entrepreneur.
a) Selling     
b) Commission         
c) Buying     
d) Manufacturing
Answer Key:
d) Manufacturing

3. Corporate Entrepreneur is also called as _____
a) Intrapreneur     
b) Promoter       
c) Manager     
d) Shareholder
Answer Key:
b) Promoter    

4. Which of these is based on Technology?
a) Modern          
b) Professional         
c) Corporate         
d) Industrial
Answer Key:
b) Professional

5. Which of the below is not a Characteristic of a Fabian Entrepreneur?
a) Conservative         
b) Risk averse     
c) Sceptical          
d) Adaptive
Answer Key:
d) Adaptive

II. Very short answer questions.

1. What is the other name of business entrepreneur?                    
Answer Key:

• Business entrepreneur is called solo entrepreneur.
• He/she is the one who conceives an idea for a new product/ service and establishes a business enterprise to translate his idea into reality.

2. Mention the other name for corporate entrepreneur.
Answer Key:

• Corporate entrepreneur is called promoter.
• He/she takes initiative necessary to start an entity under corporate format.

3. Who are agricultural entrepreneur?
Answer Key:

• Agricultural entrepreneurs are those entrepreneurs who raise farm products and market them.
• They use the various inputs like labour, fertilizer, insecticide, water technology etc.

4. Give some examples of pure entrepreneurs.
Answer Key:

• Dhirubai Ambani
• Jamshadji Tata
• T.V. Sundaram Iyengar
• Seshadriji
• Birla
• Narayanamurthi
• Aziz Premji

III. Short answer questions.

1. Who is a private entrepreneur?
Answer Key:

• Ventures started by individual either singly or collectively at their own risk after mobilising various resources in order to earn profit are called private entrepreneurship.

2. Explain about the imitative entrepreneur.
Answer Key:

• Imitative entrepreneur is one who simply imitates existing skill, knowledge or technology already in place in advanced countries.
• A simply re engineer or redesign the products developed in advanced countries and produce a version suited to their local conditions.

3. Write about Fabian entrepreneur.
Answer Key:

• These entrepreneurs are said to be conservatives and sceptical about plasticizing any change in their organization.
• They are of risk-averse type.
• They do not simply change to the changes happening in the environment.

IV. Long answer questions.

1. Explain in detail on classification according to the type of business. (any 5)
Answer Key:
Business Entrepreneur:

• Business entrepreneur is called solo entrepreneur.

Trading Entrepreneur:

• Trading entrepreneurs are those who restrict themselves to buying and selling finished goods.

Corporate Entrepreneur:

• Corporate entrepreneur is called promoter.
• He/she takes initiative necessary to start an entity under corporate format.

Agricultural entrepreneur:

• Agricultural entrepreneurs are those entrepreneurs who raise farm products and market them.

Service Entrepreneurs:

• Service entrepreneurs enter into the venture of supplying service products to end consumers.

2. Discuss the nature of functional entrepreneurs.
Answer Key:
Innovating Entrepreneur:

• Innovative entrepreneur is one who is always focused on introducing a new project or introducing something new in the venture already started.

Imitative Entrepreneur:

• Imitative entrepreneur is one who simply imitates existing skill, knowledge or technology already in place in advanced countries.

Fabian Entrepreneur:

• These entrepreneurs are said to be conservatives and skeptical about plasticizing any change in their organization.

Drone Entrepreneur:

• Drone entrepreneurs are those who are totally opposed to changes unfolding in the environment.

 

Prepared By:

 

B. MUTHUKUMAR 
PG ASST COMMERCE
MKVK MATRIC HR SEC SCHOOL 
TENKASI