![enter image description here](https://i.stack.imgur.com/7J6Ks.png)
1In all the cases you cannot say that the base voltage is irrelevant for the transistor's operation or as you said transistor;s saturation operation.
If I consider your case the the transistor is mainly dependent on the base voltage and also if you have not taken care of the transistor for its ability to sustain the huge base current it might even blow off.
Now consider when the switch is suddenly opened the voltage induced across the inductor is huge and it is seen by the 10k resistor. This gives rise to a huge base current which might even blow the transitor. So you need to check the maximum Vbe which can be given to the base of the transistor before switching on the circuit.
Solution: If you can place a zener of some voltage lesser than the supply voltage then I think your circuit will work.
One input: Placing inductor at the base of the transistor is always not a good thing to do. Better try to place it in the collector with a free wheeling diode across it.
If you think your transistor can sustain a huge base voltage of 100s of volts and base current of 100s of mA then you can go with the circuit you have else No.
1)
In the first configuration (the collector is not connected to the power supply) your NPN essentially behaves just like a regular PN diode, and the circuit is equivalent to this one:
![schematic](https://i.stack.imgur.com/qxiqo.png)
simulate this circuit – Schematic created using CircuitLab
The reason for this behavior is that NPN transistor may be seen as two PN diodes connected back-to-back:
![enter image description here](https://i.stack.imgur.com/sbXH3.jpg)
Leaving the Collector open and connecting the Base to the highest potential leaves you with simple forward-biased PN diode, having forward voltage drop of \$\sim 0.72V\$.
BJTs are not employed in this configuration because it is cleaner and cheaper to use a proper PN diode in such cases.
BTW, the usual way to use NPN as a switch would be to put the load (in this case the LED) between the power supply and the Collector:
![schematic](https://i.stack.imgur.com/z1rY9.png)
simulate this circuit
In the above schematic you can also see one of the approaches for utilizing the same power supply for both the Base and the Collector driving (which answers your second question). The values of the resistors should be chosen based on the parameters of the LED and the transistor. The voltage divider formed by R1 and R2 is constantly consuming power (even when the switch is open) - this is the main disadvantage of this simple scheme.
The purpose of R_B is to pull Base's voltage to ground when the switch is open - usually you don't want to leave the Base floating. The value of this resistor may be taken very big, such that its presence does not affect the voltage divider.
NOTE: as mentioned by Jippie, R2 may be completely omitted from the circuit. In this case the voltage divider will be formed by R1 and R_B when the switch is closed. When the switch is open, the absence of R2 will prevent from current to flow, therefore the OFF power consumption will be reduced. There are cases when you do need R2 though: its presence reduces the maximal voltage on the switch, and this may be desired in some cases (depends on the switch you're using).
Hope this helps.
Best Answer
Most of the commenters so far seem to think that the line you labeled "12V" is a power supply. However, I take it that you mean that it is a control signal that is pulled up to 12V — presumably through a pullup resistor of 2400 Ω, since you also specify a current of 5 mA.
Your second circuit is correct, and 110 mV is perfectly reasonable for a saturated NPN transistor @ 5 mA. If your equipment really requires a lower voltage drop than that, then you'll have to try either a logic-level MOSFET or a mechanical relay. Are you saying that the radio is failing to mute using the transistor?