CBSE Class-IX Information Technology-Solved Exercise Entrepreneurial Skills Basics of Entrepreneurship
CBSE Class-IX Information Technology-Solution Unit-IV (Session-1) Unit-4 Solved Exercise Entrepreneurial Skills Basics of Entrepreneurship A. Short Answer Questions: 1. What is entrepreneurship? Answer: Entrepreneurs are people who come from the society. They need the society's support to establish and run their business. In return, entrepreneurship provides economic growth, new job opportunities, wealth and prosperity to other people in society. 2. Who is called an entrepreneur? Answer: Entrepreneurship is the practice of establishing a new business enterprise, usually in an industry or a sector of the economy that has a large capacity and potential for growth. 3. What is meant by a partnership business? Answer: A partnership business is owned by two or more people who contribute resources into setting up and operating the entity. The partners divide the profits of the business among themselves. 4. What is meant by liability in context of a business? Answer: 5. Name any thr