Practical Awareness on Project Work on Entrepreneurship
NIOS · Class 10 · Entrepreneurship
Flashcards for Practical Awareness on Project Work on Entrepreneurship — NIOS Class 10 Entrepreneurship. Quick Q&A cards covering key concepts, definitions, and formulas.
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What is project preparation in entrepreneurship?
Answer
Project preparation is a process involving several steps. It begins with analysing a project idea and develops it into a final project that is ready for implementation.
Why is project preparation called a process?
Answer
It is called a process because it happens step by step. The idea is analysed first, then developed, and finally made ready for implementation.
What is the final aim of project preparation?
Answer
The final aim is to make the project ready for implementation. The project should be feasible and appropriate enough for successful launch.
What does it mean for a project to be feasible?
Answer
A feasible project is one that can work successfully in real life. It should be practical, suitable, and possible to carry out after launch.
What does it mean for a project to be appropriate?
Answer
An appropriate project is one that fits the need, purpose, and situation well. It should be suitable for successful implementation.
What attitude does an entrepreneur need according to the chapter?
Answer
An entrepreneur needs the right entrepreneurial attitude to be successful. Detailed business plan integrities are not the main requirement here; the attitude matters most.
What kind of help can be taken for preparing a good business plan?
Answer
Help can be taken from Local Nationalised Banks, District Industries Officials, EDC Cells, Incubation Centres, and Chartered Accountants.
How can a good business plan help?
Answer
A good business plan can help in making important and informed business decisions. It gives direction and supports better planning.
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