Class 11 Chapter 8: Sources of Business Finance Quiz

The different sources of business finance discussed in Class 11 Chapter 8 include equity shares, preference shares, retained earnings, debentures, financial institutions, commercial banks, and public deposits.

Retained earnings refer to the portion of net earnings that a company keeps for reinvestment in the business rather than paying out as dividends to shareholders. It is an internal source of finance.

Financial institutions contribute to business finance by providing various financial services such as loans, investment opportunities, and financial advice to businesses. They play a crucial role in the capital formation process.

<p>Small businesses play a crucial role in the economy by creating jobs, fostering innovation, and contributing to the overall economic growth. They also have a significant impact on society by providing goods and services, supporting local communities, and promoting diversity and competition.</p> Signup and view all the answers

<p>Entrepreneurs face challenges such as accessing financing, managing cash flow, and dealing with regulatory requirements. However, they also have opportunities to pursue their passion, innovate, and potentially achieve financial independence and success.</p> Signup and view all the answers

<p>According to Class 11 Chapter 9, successful entrepreneurs demonstrate traits such as resilience, creativity, risk-taking, and strong leadership skills. They are also adaptable, visionary, and persistent in pursuing their goals.</p> Signup and view all the answers