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721 answers across CBSE, ICSE, and State boards - Class 1 to 12, every subject.

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GeneralClass 11CBSE

Name the major source which can help in earning foreign exchange.

Through production of export goods, entrepreneurship can help in earning foreign exchange.

GeneralClass 11CBSE

Who was considered as the spark of the human civilisation?

Entrepreneurship was considered as the spark of human civilisation because of its remarkable contribution in the domain of art, science, culture and wealth.

GeneralClass 11CBSE

Which resource can contribute the most to expedite the rate of development?

Entrepreneurship is the most significant resource which can bring speedy changes in the rate of development.

GeneralClass 11CBSE

What was the contribution of entrepreneurs in the golden era of Indian History?

It was the era of entrepreneurial excellence. The country excelled in the arena of art, culture, science and wealth.

GeneralClass 11CBSE

Name the type of power which is presently dominating the world affairs.

Economic Power is the type of power dominating the world affairs presently.

GeneralClass 11CBSE

Name the type of power which has dominated the world’s affairs in the beginning.

The type of power which dominated the world affairs in the beginning is the muscle power.

GeneralClass 11CBSE

What is the need for developing entrepreneurial abilities among the educated population?

Over the period from 1991-1997, the population of India has increased from 8,560 to 9,590 lakhs and the capable workforce (in the age group of 15 to 60 years) has increased from 4,965 to 5,562 lakhs. Despite such increase in the capable workforce, the employment opportunities increased only by 3 lakhs in public sector and 10 lakhs in the private sector. This shows that the organised sector is not able to provide employment to such huge population. Further, during the period from 1991-1997, th

GeneralClass 11CBSE

How does entrepreneur education helps in a career?

Entrepreneur education aims at building the capacity to generate ideas, innovative products, processes and service. General education does not emphasise much on building entrepreneurial abilities among individuals. It focuses on providing subject knowledge only. College education partially builds such knowledge by focusing on laboratory experimentation, project work, training operations related to production etc. Professional and vocational education bestows detailed knowledge to an individua

GeneralClass 11CBSE

Explain the three stages of education that help in human resource development.

Education involves the following three levels of human resource development:

GeneralClass 11CBSE

How does entrepreneurship develops social vision and application?

Education for entrepreneurship develops the ability of individuals to generate ideas, objects, products, processes and services. However, mere creation of ideas, products and services out of the acquired resources is not going to be used by the society, unless these products are put to social application. Therefore, it is necessary that the society recognises these products and services to ensure sustainable return over investment.

GeneralClass 11CBSE

“Education begets confidence”. Explain.

Educated individuals have more information at their disposal. They are aware of the need for systematising things and can organise things in a better way in comparison to others, they have good communication skills and they can handle complex issues by their analytical thinking. All these inputs build their sense of self-confidence which is a prime necessity for being a good entrepreneur.

GeneralClass 11CBSE

“Less educated persons are more enterprising”. Is it a myth or a reality? Comment.

There has been people like William Durant, Henry Ford and Dhirubhai Ambani, who have not had a formal education and yet have been successful entrepreneurs. Still there are a number of evidences that substantiate that education facilitates a greater sense of enterprise in people. Education helps individuals to manage things better by improving their emotional and skill quotient. So, poor performance in education is not related to greater sense of enterprising.

GeneralClass 11CBSE

Education stimulates growth in human resource. Explain.

Education stimulates growth in human resource by developing the ability to adjust with nature, environment, people and various socio-political systems created by people. Education develops ability to adjust with these systems by providing necessary social science, general science, health and moral lessons at primary and secondary level.

GeneralClass 11CBSE

“Education develops work culture”. Explain.

Education helps not only in improving the intelligence level, but also develops an individual emotionally by enhancing his skills. The attitude of an educated individual towards his work is more focused, orderly and organised. Education helps in deeper and correct understanding of the issues involved in the management of an enterprise. By developing a systematic thinking throughout the organisation, education generates an enhanced work culture.

GeneralClass 11CBSE

What is the importance of interpersonal relationship for business?

A good interpersonal relationship helps in understanding the needs, intents and aspirations of various stakeholders. In the absence of a good & healthy interpersonal relationship with the parties like customers, stakeholders, dealers, vendors, employees and shareholders; an enterprise cannot grow and sustain in the market. A good interpersonal relationship helps in better marketing of the products of an enterprise to various parties.

GeneralClass 11CBSE

How does education helps in developing enterprise vision?

Developing enterprise vision requires synergy of various faculties of mind. Education helps in developing the mental faculties which help in developing vision, through a process of knowledge and skill transfer in an individual. Vision helps the entrepreneur to understand the direction and magnitude of growth of enterprise. Education provides analytical thinking skills to an individual, which help in building enterprise vision.

GeneralClass 11CBSE

What is self-actualisation?

Self actualisation means the desire for self-fulfillment, namely, to the tendency for one to become actualized in what he is potentially. It means realising one’s full potential. It is a driving force that maximizes one’s abilities. An entrepreneur should have a high level of self actualization so that he/she does not have to look out for support for everything.

GeneralClass 11CBSE

Write in brief a note on technical skills which an entrepreneur is required to possess.

An entrepreneur is required to possess certain technical skills like communication skills, writing skills, organising skills, decision-making skills, risk-taking skills, negotiating skills or networking skills. There are many other skills that are also required, depending upon the type of enterprise. Education helps in acquiring all these skills in a phased manner or to develop them in self, through a process of knowledge and skill transfer.

GeneralClass 11CBSE

List two technical skills required for the success of an enterprise.

Communication skills and negotiating skills.

GeneralClass 11CBSE

Enumerate three qualities of a successful entrepreneur.

Motivation

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