NIOS Class 12 Computer Science Chapter 28 Entrepreneurship Skills

NIOS Class 12 Computer Science Chapter 28 Entrepreneurship Skills Solutions English Medium As Per New Syllabus. to each chapter is provided in the list so that you can easily browse throughout different chapters NIOS Class 12 Computer Science Chapter 28 Entrepreneurship Skills Notes and select need one. NIOS Class 12 Computer Science Question Answers Download PDF. NIOS Study Material of Class 12 Computer Science Notes Paper 330.

NIOS Class 12 Computer Science Chapter 28 Entrepreneurship Skills

Also, you can read the NIOS book online in these sections Solutions by Expert Teachers as per National Institute of Open Schooling (NIOS) Book guidelines. These solutions are part of NIOS All Subject Solutions. Here we have given NIOS Class 12 Computer Science Textbook Solutions, NIOS Senior Secondary Course Computer Science Notes for All Chapter, You can practice these here.

Entrepreneurship Skills

Chapter: 28

Module – 5: Professional Skills

INTEXT QUESTIONS 28.1 

Fill in the blanks. 

1. A person who starts his business or organization is called ____________ . 

Ans: Entrepreneur.

2. ____________ is a process of keeping financial record or preparing financial record. 

Ans: Accounting.

3. ____________  is a process of translating new ideas to services that create value. 

Ans: Innovation.

4. ____________ is a process of exchanging information among people. 

Ans: Communication.

5. The process of starting own business is called ____________ .

Ans: Entrepreneurship.

TERMINAL EXERCISE 

1. Differentiate between entrepreneurship and entrepreneur. 

Ans: The differences between entrepreneurship and entrepreneur are: 

Entrepreneur	Entrepreneurship
A person who starts and manages a business	The process of starting and developing a business
Acts as a leader and innovator	Involves innovation and creativity
Takes responsibility for risks and rewards	Focuses on risk-taking and management
Organizes and runs the venture	Uses resources like time, money, and skills
Individual role	Business development process

2. What are the qualities of a manager? 

Ans: The main qualities of a manager are:

(i) Planning: The ability to formulate detailed plans, identify goals, and decide on the processes required to achieve best results.

(ii) Motivation: Possessing goal-oriented behavior and the ability to stay positive, believe in oneself, and visualize goals to keep working toward them.

(iii) Marketing: The ability to create awareness about a product or service, satisfy client needs, and coordinate the “4 P’s” (product, price, place, and promotion).

(iv) Accounting: The skill of keeping, analyzing, verifying, and reporting financial records.

(v) Negotiating: The ability to settle problems between parties to reach a mutually beneficial outcome.

3. What are the types of soft skills required by an entrepreneur? 

Ans: (i) Communication: The process of effectively exchanging information with others using proper presentation skills and language.

(ii) Interpersonal Relations: The skill of communicating and working with others, which helps one appear confident and charismatic. This includes leadership, teamwork, and networking.

(iii) Environmental Observation: The ability to understand the business objective and the current scenario of the society relevant to the business.

(iv) Coordination: The ability to work together with team members and understand other people to achieve set goals.

(v) Specific Operation Technology: Knowledge of specific technologies required for achieving specific goals (e.g., coding languages for software businesses)

4. Why risk-taking ability is needed for entrepreneurship? 

Ans: Risk-taking is needed because entrepreneurship creates new ideas and introduces them to new markets, which inherently involves uncertainty.

(i) Innovation: Innovation is synonymous with risk-taking; translating a new idea into a service involves the risk of implementation.

(ii) Courage and Vision: An entrepreneur must have the courage to take calculated risks to execute their vision, knowing that success and failure may not come equally.

(iii) Investment: The process involves a significant investment of time, money, and infrastructure, which is a financial risk the entrepreneur must manage.

5. What is the meaning of efficient people in entrepreneurship?

Ans: In entrepreneurship, efficient people are those who use their time, skills, and resources effectively to achieve business goals. They work smartly, make good decisions, minimize waste, and help the business grow successfully.