Why do you want to work in this industry? In this article, you will find tec exam questions and answers 2020 pdf. Tangible assets, Intangible assets, Non-current investments, Cash, Inventories, Intangible assets, Non-current investments.

Question 8: Identify a non-example of accounting? So you will 100% qualify in TEC Exam 2020. ˆVc[ŠÈÂğXRA^lŒOr²ä#¤ˆ 1405 0 obj <>stream

A cost sheet is prepared to know the outcome and breakup of costs for a particular accounting period. Question 2: How to become a trusted adviser? Question 1: What are the characteristics or traits of a successful entrepreneur? If you wish to become a certified VLE then you will need to qualify Telecentre Entrepreneur Course (TEC) Exam. Which trait is being discussed here? Question 5: Entrepreneurs don’t let uncertainty and potential failure stop them from doing what needs to be done. Scholars have always advised students that past questions and answers are best made use of after reading thoroughly, questions and answers are used as a metric to test your strengths and identify your weaknesses on a particular subject and work on them. Question 6: Non-current assets include………………… which typically last for more than one year. Value Delivery → value Creation → Value Capture. Question 4: Select the correct statement. Question 9: Transactions are entered into the general journal in chronological order. endstream endobj startxref

I feel it very helpful.. thank you so much sir…, Your email address will not be published. Teaching in an IIT/MBBS coaching institute. Before appearing in the TEC Final Exam 2020, you will need to complete the TEC Assessments as following: In this article, you will find tec exam questions and answers 2020 pdf. Question 7: Absorptive Capacity comes from prior, related knowledge to be able to make sense of, recognize the value of, and use new information. He opened one but was not able to make any profits Why? Helps to make decisions like whether to invest in the idea or not. 0000001625 00000 n Teaching mathematics in a coaching center. Question 2: sheet represents the financial position of a business as of a particular date, typically at the end of a quarter or financial year. Geeta decided to pay her supplier Rs.2000 at the end of the week. So you will 100% qualify in TEC Exam 2020. 0000017494 00000 n Question 4: Entrepreneurs should not be greedy to grow big, as this needs patience as well. We hope that the CSC TEC Questions and Answers 2020 pdf will help you in qualify the exam CSC TEC Exam 2020. Value depends on the features or services provided by the store. 720 23 They were too many competitors and he was not creative in the menu to attract customers. Question 1: Balance Sheet divided into 2 parts. Question 3: Building a business takes time than it takes to generate the idea for the business o.

Quits halfway when the situation becomes difficult.

Question 6: ………………………is the specific tool of entrepreneurship? Prior knowledge does not help much, it is not required to become a successful entrepreneur.

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Starting up a business based on an old idea, existing business module, and less risk. xref Which trait is being discussed here? Formulae Sheet, Present Value and Annuity Tables are on pages 16, 17 and 18. Define Production Volume Variance? Question 10: A knowledgeable cook opened a South-Indian Restaurant in Chennai. Even as a kid, I spent hours flipping through catalogues.” Don’t just say you like it. 1366 0 obj <> endobj 50 Common Interview Questions and Answers Page 8 of 25 9. Question 2: Entrepreneurship is an opportunity to create wealth. Table of Contents. Which trait is being discussed here? Cost Accounting Question Paper.

To know whether the entrepreneur can make a valuable product out of an idea.

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Your email address will not be published. The following questions practice these skills: Identify total cost, variable cost, fixed cost, marginal cost, and average total cost. The motive driving the customer to purchase an item is the need for it. Question 5: ………………are those assets that are expected to be sold or converted to cash or consumed within one year. Question 10: is also called income statement. Question 3: Costs that do not vary in the short term, regardless of changes in output levels, are called costs.



Section A –ALL 35 questions are compulsory and MUST be …

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Question 1: Why is a customer purchasing from a particular store? Question 8: A successful entrepreneur can become rich very fast. 0000000016 00000 n A cost sheet is prepared to know the outcome and breakup of costs for a particular accounting period. Balance Sheet, General Journal, Profit and Loss Statement, Balance Sheet, Statement of Cash Flow, Ledger Account, Statement of Cash Flow, General Journal, Ledger Account, Total Liabilities = Total Assets + Equity, Total Equity = Total Liabilities – Total Assets, Make money for retailers by providing goods for services, Make money for customers by providing goods or services, Make money for employees by providing goods or services, Sole proprietorship, Friendship, Corporations, Sole proprietorship, Partnership, Commemoration, Sole presidentship, Partnership, Commemoration, A single employee who is also usually responsible for the day-to-day running of the business, A single retailer is also usually responsible for the day-today running of the, A single partner who s also usually responsible for the day to day running of the business, A separate illegal entity with a large number of owners, Multiple owners or partners, some of whom are also usually responsible for the day-to-day running of the business. Question 5: Entrepreneurs need to have to be successful. 1386 0 obj <>/Filter/FlateDecode/ID[]/Index[1366 40]/Info 1365 0 R/Length 95/Prev 536917/Root 1367 0 R/Size 1406/Type/XRef/W[1 2 1]>>stream <<8a1963783c2970479407efd8af1fe433>]>>

Question 3: Select the correct statement. 722 0 obj<>stream Question3: What is the output of the business? Instead, entities are given ownership of the business.