NIOS Class 12 Employability Skills Chapter 16 Co-existing within the Business Ecosystem

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NIOS Class 12 Employability Skills Chapter 16 Co-existing within the Business Ecosystem

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Co-existing within the Business Ecosystem

Chapter: 16

Module – IV: Be Your Own Boss

INTEXT QUESTIONS 16.1 

1. State whether the following statements are True or False (T/F). Rewrite the false statements. 

(i) Rajam is an entrepreneur who has sound financial backing. She does not require feedback on her company’s performance. ___________________________.

Ans: False. All companies big or small require feedback.

(ii) Jignesh exports spices to Australia. His firm is not interdependent of the other entities in the ecosystem_______________________________________.

Ans: False. Jignesh’s firm uses facilities such as courier services, local HR, electricity, government policies and others to conduct his business.

(iii) Apart from finances and infrastructure, mentors and coaches play a critical role in promoting the growth of the entrepreneurial venture _____________________________________.

Ans: True. 

(iv) Only new venture or a start-up gets affected by the social, economic, political, technological, natural and legal environment ___________________________________.

Ans: False. All ventures new or old get affected.

(v) Entrepreneurs drive the entrepreneurship ecosystem _________________.

Ans: True. 

INTEXT QUESTIONS 16.2 

1. Please tick the correct answer in each of the following multiple choice questions. 

(i) In the Entrepreneurship Ecosystem which of the following statement is most relevant? 

(a) Culture is not most important component out of the other components.

(b) Business Environment includes both internal factors and external factors.

(c) The ecosystem functions in a constant type of markets.

(d) EE is successful when there is no involvement of government at all.

Ans: (a) Culture is not most important component out of the other components.

(ii) Ecosystem is-

(a) Self- sustaining.

(b) Not dependent on anything.

(c) Self-financed.

(d) Casually evolved overtime.

Ans: (d) Casually evolved overtime.

(iii) Which of the following group best describes EE components? 

(a) Lifecycle and Growth.

(b) Government and Constitution.

(c) Business Environment and Finance.

(d) Structure and Calculations.

Ans: (c) Business Environment and Finance.

2. Mention any of the two sub-elements for each of the following ecosystem components: 

(i) Finance:

(a) ____________________________________.

(b) ___________________________________.

Ans: (a) Access to debt.

(b) Access to venture capital.

(ii) Business Support:

(a) _______________________________________.

(b) _______________________________________.

Ans: (a) Incubators/accelerators.

(b) Legal/accounting services.

(iii) Policy:

(a) _____________________________________.

(b) _____________________________________.

Ans: (a) Tax incentives.

(b) Costs to start a business.

(iv) Human Capital:

(a) _______________________________.

(b) _______________________________.

Ans: (a) High schools.

(b) Universities.

(v) Infrastructure:

(a) _________________________________.

(b) ________________________________.

Ans: (a) Electricity providers.

(b) Transport providers.

(vi) Research & Development:

(a) _____________________________. 

(b) _____________________________.

Ans: (a) Public research centres and laboratories.

(b) Private research centres and laboratories.

(vii) Culture:

(a) ______________________________.

(b) _____________________________.

Ans: (a) Media. 

(b) Government.