Aiforkids - Recent activity in Information Technology

Answered: Define an entrepreneur. Explain the leadership and decision-making qualities of an entrepreneur.

Sat, 24 Dec 2022 08:32:57 +0000

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Answered: Explain the role and significance of an entrepreneur as an enterprising man and a visionary leader.

Wed, 13 Jul 2022 12:03:03 +0000

1. Enterprising Man:- A business does not get started by itself. It is the entrepreneur who takes the risks and is willing to face devastating failure. He braves uncertainty, strikes out on his own, and through native wit, devotion to duty, and singleness of purpose somehow creates business and industrial activity where none existed before. His values and activities have become integral to corporate culture.

2. Visionary Leader:- An entrepreneur has a good vision and sense of mission. He instills inspiration. He is able to recognize potentially profitable opportunities and conceptualize the venture strategy. He is the key force in successfully moving the idea from the laboratory to the marketplace. He has a sense of accomplishment.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: What are the myths of entrepreneurship? Explain

Wed, 13 Jul 2022 11:58:27 +0000

The myths of entrepreneurship are as follows:-

(i) It is Easy to Start a Business:- This depends on the scale of the enterprise. Starting up a large entrepreneurial venture is a challenging process. Small-scale enterprises are easier to set up. Moreover, the rate of failure of new ventures is quite high all over the world. Just about one-third of all enterprises become profitable only after operating for several years.

(ii) Lot of Money is needed to Startup a New Venture Again:- this depends on the type and scale of the business venture. There are ventures that can be started with a small amount of money. Big ventures need a lot of investment.

(iii) A Startup cannot Borrow from the Banks:- Today our government is promoting startup ventures and offering them loans on easy terms under various government schemes such as MUDRA (micro-units Development and Refinance Agency) and MSME (Micro, Small & Medium Enterprises) scheme.

(iv) Businesses either Flourish or Fail:- This is not always the case. Some ventures initially falter or have lackluster growth rates. However, with the right pre-planning and effort, they may go on to achieve healthy growth.

(v) A Good Idea is the only Requirement for a Successful Enterprise:- Remember that even the best of ideas need proper execution to become a reality. Ideas are important, but so are planning, talent, leadership, communication, and a host of other factors.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Explain the role and significance of entrepreneurs.

Wed, 13 Jul 2022 11:54:58 +0000

The role and significance of entrepreneurs are discussed below:-

(i) Organiser of Society’s Productive Resources:- An entrepreneur is the organization of society’s productive resources. He is the person who assembles the unused natural, physical and human resources of the society, combines them properly, establishes effective coordination between them, and makes the economic activities dynamic.

(ii) Helpful in Capital Formation:- An entrepreneur is helpful in capital formation or we know that increase in the rate of capital formation is quite essential for the economic development of any country.

(iii) Increase in Employment Opportunities:- An entrepreneur creates maximum employment opportunities in society by way of establishing new industries, developing and expanding the existing industries, and undertaking innovative activities

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Why an entrepreneur is highly optimistic?

Wed, 13 Jul 2022 11:52:50 +0000

A successful entrepreneur is always optimistic and is not disturbed by the present problems faced by him. He is always optimistic that the situation will become favorable for business in the future.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: How does an entrepreneur promotes economic prosperity of a country?

Wed, 13 Jul 2022 11:51:59 +0000

Entrepreneurs can bring about drastic changes in the very structure of the economy. They stand beyond challenges and make huge profits in every economic system. They are an important source of economic development. They create jobs, wealth, and capital in the country. They promote investment, increase production and bring competitiveness in business, reduce costs of products and raise the standard of living in society.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Why an entrepreneur is considered as an ‘enterprising man’?

Wed, 13 Jul 2022 11:50:54 +0000

A business does not get started by itself. It is the entrepreneur who takes the risks and is willing to face devastating failure. He braves uncertainty, strikes out on his own wit, devotion to duty, and singleness of purpose, and somehow creates business and industrial activity where none existed before. His values and activities have become integral to corporate culture.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: What is a business plan?

Wed, 13 Jul 2022 11:49:48 +0000

An entrepreneur conducts studies to assess the feasibility of the market as regards the proposed products or services. He makes an assessment of the resources required to run the enterprise and the problems that may possibly be faced. Such a blueprint of an enterprise is termed as a business plan or a project report.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: State a difference between an entrepreneur and a businessman.

Wed, 13 Jul 2022 11:48:53 +0000

An entrepreneur is different from a conventional businessman. A businessman is someone who sets up a business with an existing idea offering products and services to customers. An entrepreneur, on the other hand, is a person who starts an enterprise with a new idea or concept or a better way to offer an existing idea or concept.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Explain the quality of an entrepreneur as a passionate person.

Wed, 13 Jul 2022 11:48:01 +0000

Successful entrepreneurs are passionate about making their businesses succeed. They genuinely love their work and are willing to put in extra hours to make their business succeed. Success gives them a joy that goes beyond money.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Explain the role of an entrepreneur as a catalytic agent.

Wed, 13 Jul 2022 11:47:11 +0000

As Joseph Schumpeter says, an entrepreneur’s task is “creative destruction”. He destroys to create new things. He changes and transmutes values. He searches for change and responds to it. He is a change creator. Ralph Horwitz writes in his book ‘Realities of Profitability’, The entrepreneur makes a happening, wants a piece of the action, and is the grown man. Without him, there is no happening, no action, no growth.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Explain the risk bearing characteristic of an entrepreneur.

Wed, 13 Jul 2022 11:46:01 +0000

An entrepreneur has to have the patience to see his efforts bear fruit. In the intervening period (time gap between the conception and implementation of an idea and its results), an entrepreneur has to assume risk. If an entrepreneur does not have the willingness to assume risk, entrepreneurship would never succeed.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: What do you mean by the term entrepreneurial skills?

Wed, 13 Jul 2022 11:45:01 +0000

Entrepreneurial skills are the essential skills that help an entrepreneur to start, develop, finance, and successfully run a business. Every entrepreneur starting a business must have complete knowledge of the various aspects of their business, not only for the success of his venture; but also for its growth and expansion.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: What is entrepreneurship development?

Wed, 13 Jul 2022 11:43:26 +0000

Entrepreneurship development is the process of improving the knowledge and skills of entrepreneurs. In other words, it can be said that entrepreneurship development is the process of enhancing an entrepreneur’s ability to develop, manage and organize a business venture while keeping in mind the risks associated with it.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: What is the contribution of the entrepreneurs in the execution of government policies?

Wed, 13 Jul 2022 11:41:51 +0000

The entrepreneurs contribute to implementing government policies and achieving national goals. They cooperate with the government for the implementation of development plans of the country.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Mary buys bulbs for her business from Noida. She learns that bulbs are cheaper in Faridabad. So, she decides to start buying bulbs from there.

Fri, 08 Jul 2022 06:52:39 +0000

The correct answer is Option 1.

Explanation:-

Mary takes the decision on her own which is best for her business.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Which of these is the main aim of entrepreneurship?

Fri, 08 Jul 2022 06:50:51 +0000

The correct answer is Option 3.

Explanation:-

An entrepreneur earns profit by providing new and innovative products and services to the people. An entrepreneur does not believe in luck or fate. He believes in his own firm decisions and actions. He has trust in his perseverance and creations. He pulls his own strings. Thus, the main aim of entrepreneurship is earning profit and providing innovative products and services.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Which of the following statement is true about entrepreneurship?

Fri, 08 Jul 2022 06:48:53 +0000

The correct answer is Option 1.

Explanation:-

Raising the necessary funds is very difficult for an entrepreneur. A business can be started with limited money. For example, Infosys Technology was started with only `10,000. In the beginning, you can hire space and equipment. Thus, a lot of money is required to start an entrepreneurial venture.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Rehnuma has two people who work for her. Every day, she spends one hour with them to learn about what they have done that day. This means she

Fri, 08 Jul 2022 06:45:57 +0000

The correct answer is Option 3.

Explanation:-

She manages the business by listening to the work done them, learning about their problems, and motivating them for future work to be done.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Which of the following characteristics should an entrepreneur have?

Fri, 08 Jul 2022 04:52:15 +0000

The correct answer is Option 4.

Explanation:-

An entrepreneur incorporates his/her innovative ideas to work. He/She is also a motivator as they inspire/motivate his/her teammates to get their work done. He/She must be goal-oriented as without a fixed goal the work cannot be done.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: ‘An entrepreneur has to get the work done through others.’ Which characteristic of the entrepreneur does this statement depict?

Thu, 07 Jul 2022 03:23:26 +0000

The correct answer is Option 1.

Explanation:-

An entrepreneur motivates his/her team members to work hard and get the work done by them timely and positively.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Decision-making function of entrepreneur includes

Thu, 07 Jul 2022 03:21:27 +0000

The correct answer is Option 2.

Explanation:-

The decision-making function of an entrepreneur is subjected to risk as there is always uncertainty around whether the decision will lead to good or bad for the future.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Which of the following is an advantage of entrepreneurship as a career?

Thu, 07 Jul 2022 03:19:10 +0000

The correct answer is Option 3.

Explanation:-

An entrepreneur is his own boss. He can take all decisions himself. He need not obey someone. Thus, an advantage of entrepreneurship as a career is his/her independence in the field of work.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Which of the following is/are the function(s) of an entrepreneur?

Thu, 07 Jul 2022 03:16:38 +0000

The correct answer is Option 4.

Explanation:-

An entrepreneur should be innovative and can introduce new products, raw materials, and organizational structures. An entrepreneur should be able to take choose one among various alternatives, the end results of which are unpredictable. An entrepreneur should be able to take decisions on their own.

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Answered: How does an entrepreneur can get the work done from his/her team?

Thu, 07 Jul 2022 03:14:10 +0000

The correct answer is Option 3.

Explanation:-

An entrepreneur should be able to motivate his/her team to perform their best. He/She is responsible for the ill/high spirit of a team by motivating them positively. An entrepreneur can get the work done by his/her team by motivating them.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Incompetent staff means

Thu, 07 Jul 2022 03:12:03 +0000

The correct answer is Option 3.

Explanation:-

Entrepreneurs should hire competent staff who are well-qualified and experienced according to the nature of the work to be done. Incompetent staff should not be hired because they are not experienced and qualified staff.

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Answered: In which situation an entrepreneur will not be able to convince his fellow beings? If he/she is

Thu, 07 Jul 2022 03:08:29 +0000

The correct answer is Option 1.

Explanation:-

Entrepreneurs are confident that they will make their business succeed. They exude that confidence in everything they do. An entrepreneur will only be able to convince his fellow beings if he/she is low self-confident.

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Answered: Which of the following does an entrepreneur perform to achieve his goals?

Thu, 07 Jul 2022 03:06:07 +0000

The correct answer is Option 3.

Explanation:-

Entrepreneurs create new businesses that offer new goods and services and create a new type of employment. New ventures can stimulate the related businesses or sectors that support them. These have a positive cascading effect on the entire economy of a country. Thus, to find a suitable market, an entrepreneur performs advertisement and publicity, and appointments selling agents.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Which of the following is a disadvantage of entrepreneurship as a career?

Thu, 07 Jul 2022 02:59:43 +0000

The correct answer is Option 1.

Explanation:-

Entrepreneurship does not guarantee 100% success. Entrepreneurship is a risky proposition. If you have not done your calculations right, the business might fail or may not achieve the success you initially thought. Thus, one of the disadvantages of entrepreneurship as a career is uncertainty.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answered: Innovation of an entrepreneur includes

Thu, 07 Jul 2022 02:57:14 +0000

The correct answer is Option 4.

Explanation:-

Entrepreneur creates new businesses based on innovative ideas. New goods and services offered by entrepreneurial ventures stimulate growth in the related companies, pushing up the overall growth of an economy. Thus, the innovation of an entrepreneur includes opening new markets and introducing new products.

Study more about Entrepreneurship Skills at Entrepreneurial skills Class 10

Answer selected: Neha is receiving several emails from companies who are advertising a product or trying to attract her to their websites. Such type of mails is called ____.

Fri, 07 Jan 2022 04:26:30 +0000

C. Spam Mails

Answer selected: Managing stress is about making a plan to be able to cope effectively with daily pressures. Always keep in mind the ABC of stress management. The acronym ABC stands for

Fri, 07 Jan 2022 04:25:38 +0000

C. Adversity, Beliefs, Consequences

Answer selected: To perform well at work and life in general, you must be able to manage and improve yourself in various skills.

Fri, 07 Jan 2022 04:25:27 +0000

B. Time management

Explanation:

Time management is the thinking skill that helps

you to

complete tasks on time.
make a daily timetable.
make a good guess at how long it will take you to
do something.
submit homework and assignments before or
on time.
not waste time during the day.

Answer selected: There are many reasons why interpersonal communications may fail. White communicating, the message may

Thu, 06 Jan 2022 06:06:14 +0000

B. Feedback

Explanation:

Feedback is a consequence of performance. Feedback plays an important part in communication because it tells both the source and the receiver, how their message is being interpreted.

Answered: Which of the following is NOT a barrier to effective communication?

Wed, 05 Jan 2022 14:37:04 +0000

D. Subjective Barrier

Option D Subjective Barrier is Correct Answer.

There are 4 barriers to effective communication.

Linguistic
Cultural
Physical and organizational
Interpersonal