Entrepreneur Skill Class 10th Book Solution
Entrepreneur Skill Class 10th Book Solution
A. State whether the following statements are True or False
1. Entrepreneurs can create jobs in the market.
2. When many entrepreneurs sell mobile phones in a market, the prices of phones increase.
3. Entrepreneurs identify a need in the market and build a product or service for it.
1. Entrepreneurs can create jobs in the market. True 2. When many entrepreneurs sell mobile phones in a market, the prices of phones increase. False 3. Entrepreneurs identify a need in the market and build a product or service for it. True
B. Subjective question
Q1. List the ways in which an entrepreneur affects a society.
1. Create Jobs: With the growth of business, entrepreneur hire more people to work for them. In this way, more people have jobs. 2. Sharing of Wealth: As entrepreneurs grow their business, they give more money to the people who work for them. 3. Lower Price of Products: As more entrepreneurs sell the same product, the price of the product goes down
A. Here are some stories of some entrepreneurs. Tick the option for the quality they are showing.
Q1. Ravi’s customer comes to his store and starts shouting at him. He does not get angry. He listens to what his
customer is saying. He is __________________________.
(a) hardworking
(b) confident
(c) patient
(d) prying new ideas
Q2. Susheela decides to sell her company tyres in Sri Lanka. It does not sell and she has a loss. She apologises to the people who work for her. She says she will plan better next time. She ___________.
(a) takes responsibility for your mistakes
(b) thinks before making a decision
(c) does not give up
(d) is creative
B. Tick the correct option for the function that the entrepreneur is doing.
Q1. Ali has a diamond factory. He pays his employees on the 1st of every month.
(a) Creates a new product
(b) Manages the business
(c) Takes risk
Q2. 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.
(a) Makes decisions
(b) Divides income
(c) Takes risk
Q3. Rehnuma has two people who work for her. Every day, she spends one hour with them to learn about what they’ve done that day.
(a) Creates a new product
(b) Divides income
(c) Manages the business
C. Subjective question
Q1. What do you think is the most important function of an entrepreneur? Write your answer giving suitable
examples.
1. Making Decisions: An entrepreneur makes decisions everyday. This includes what to produce or sell, how much and where to sell etc. 2. Managing the Business: An entrepreneur arranges raw material, hires people for work and tells everyone what to do. 3. Divide Income: The entrepreneur spends money to buy material, pays rent of the building and salaries to people. 4. Taking Risk: An entrepreneur takes risks against fires, lost items and theft. 5. Create a new Method, Idea or Product: An entrepreneur is always trying new things. He/she does this to increase their income.
A. Subjective questions
Q1. What is the difference between a misconception and reality? Give an example.
Reality: Reality means that the things are real and they actually exist. This is not imaginary
B. Match each story below with the misconception about entrepreneurship.
| Story | Misconception |
| Ramu owns a large clothes shop. Shamu has a small store selling handmade sarees. Shamu does not call himself an entrepreneur | (a) Every business idea needs to be unique or special |
Anna has a great idea for a website. She has 5,000. She is waiting for 20,000 more, so that she can start it. | (b) Entrepreneurs are born, not made. |
| In a city of thousands of tailoring shops, Gauri is a tailor who stitches good quality clothes and has a very successful business. | (c) A person needs to have a big business to be called an entrepreneur. |
Story Misconception Ramu owns a large clothes shop. Shamu has a small
store selling handmade sarees. Shamu does not call
himself an entrepreneur
(c) A person needs to have a
big business to be called an
entrepreneur.Anna has a great idea for a website. She has 5000.
She is waiting for 20,000 more, so that she can start it.(b) Entrepreneurs are born,
not made.In a city of thousands of tailoring shops, Gauri is
a tailor who stitches good quality clothes and has a
very successful business.(a) Every business idea needs
to be unique or special
A. Write against the option, if the business idea is of self-employment or wage employment.
(a) Cooking in a restaurant
(b) Owning a clothing business
(c) Having a dosa selling stall
(a) Cooking in a restaurant – Wage employment
(b) Owning a clothing business –Self employment
(c) Having a dosa selling stall – Self employment
B. Match the columns
| Surabhi opens 5 painting stores across India. | a. Enter |
| There are many coaching classes in Mumbai. Jacob owns one of them. He is starting morning batches to attract more students to his classes | b. Survive |
| Salma has started her clothing line on the Internet. | c. Grow |
Surabhi opens 5 painting stores across India. c. Grow There are many coaching classes in Mumbai. Jacob owns one of them.
He is starting morning batches to attract more students to his classesb. Survive Salma has started her clothing line on the Internet. a. Enter
Important links of Class X (IT – 402)
UNIT 1: DIGITAL DOCUMENTATION (ADVANCED) – MCQ
UNIT-2: ELECTRONIC SPREADSHEET (ADVANCED) – MCQ
UNIT-3 RELATIONAL DATABASE MANAGEMENT SYSTEMS (BASIC) – MCQ
UNIT-4 WEB APPLICATIONS AND SECURITY – MCQ
Disclaimer : I tried to give you the correct and simple Entrepreneur Skill Class 10th Book Solutions , but if you feel that there is/are mistakes in the notes of Entrepreneur Skill Class 10th Book Solutions given above, you can directly contact me at csiplearninghub@gmail.com. NCERT Book and Study material available on CBSE official website are used as a reference to create above Entrepreneur Skill Class 10th Book Solutions. All the answers are taken from CBSE Study material.