ENTREPRENEURSHIP

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ENTREPRENEURIAL OPERATIONS

HUMAN RESOURCE MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Enterprise Category meet the following criteria?Headcount:< 50 Annual Turnover:< 10 millionAnnual Balance Sheet Total:< 10 million
A
Medium-sized Enterprise
B
Small-sized Enterprise
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -As per this announcement, the definition of Micro manufacturing and services units was increased to Rs. 1 Crore of investment and Rs. 5 Crore of turnover. The limit of small unit was increased to Rs. 10 Crore of investment and Rs 50 Crore of turnover.

Detailed explanation-2: -In a Rappler infographic, “SMEs are defined as any enterprise with 10 to 199 employees and/or assets valued from P3 million to P100 million. SMEs and micro enterprises combined make up 99.6% of establishments in the country.”

Detailed explanation-3: -According to the latest MSME classification, MSMEs are classified under two criteria of investment in plant and machinery and turnover. For micro-enterprises-the revised upwards limit for investment is Rs. 1 Crore and turnover Rs. 5 Crore.

There is 1 question to complete.
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