Unit - 4 (ENTREPRENEURIAL SKILLS)

Chapter – 15: Types of Business Activities

A. Multiple Choice Questions:
1. _________ is a person who takes a risk to produce goods and services in search of profit.
a. Entrepreneur b. Employee c. Police d. Bureaucrat

2. What kind of business ownership is best described by these statements?

• I am the only owner of my business.
• I take all the risks of doing business.
• I keep all the profits.
a. Sole Proprietorship b. Corporation c. Partnership d. Cooperative

3. An entrepreneur.
a. enforces government regulations b. takes risk to earn profits
c. sets the interest rates at banks d. manages financial investments

4. A grocery store is an example of which type of business activity?

a. Service b. Merchandising c. Manufacturing d. Hybrid

5. What is the advantage of a cooperative?

a. Income tax exemption b. Minimal government regulation
c. Short life span d. Single ownership

B. Fill in the Blanks:

1. The basic objective of a Cooperative is to meet the economic, social, and cultural needs
of its members
2. A Hybrid business is a mixed type of business.
3. A business that provides products which do not have a physical form is called Service
business.
4. Retail price is the price of goods or products when they are sold to customers for
consumption and not for resale.
5. Merchandising business is also known as Trading or Buy and Sell business.

C. Answer the Following Questions:

1.How will you define an entrepreneur?
Ans. An entrepreneur is a person who takes the initiative of starting a business, bears the risk
of investing money manages at all levels, and is responsible for its success or failure.

2. What do you understand by the term 'business'?

Ans. Business is an area of work or an activity related to production, buying, and selling of
goods or services.

3.What are the four forms of business organisations based on ownership?

Ans. The four forms of business organisations based on ownership are-Sole Proprietorship,
Partnership, Corporation, and Cooperative.

4.In a business, what is the meaning of the term 'liability'?

Ans. All forms of business ownership have liabilities. Being legally responsible for a business
is termed as 'liability'.

D. Answer in One or Two Sentences:

Identify the type of business ownership based on the following description:
1. It is a separate entity from its owners and may employ its owners. Owners have limited
liability and pay separate tax for the business. Ans: Corporation

2. It is a business owned by two or more people who share the profits of the business among
themselves and bear the losses together. Ans: Partnership
E. Answer the Following Questions:
1.What are the benefits of learning entrepreneurial skills?
Ans: The benefits of studying entrepreneurship are:
• It helps to think about new business ideas.
• It helps to cultivate skills and knowledge for starting an enterprise.
• It develops business skills in areas such as finance, sales, marketing, management, and
accounting.
• It helps in the development of other skills such as adaptability, effective communication,
business discipline, and confidence.

2.Why is liability an important factor in any business?

Being legally responsible for a business is termed as ‘liability’. All forms of business ownership
have liabilities. Liability is an important factor because it defines the level of risk and profitability
of the business.

3.Explain the differences between sole proprietorship and partnership.

A sole proprietorship is a business is-
• owned by a single person who keeps all the profits and is solely liable for all the debts
• easy to set up and is the least costly among all forms of ownership

In partnership - both partners are legally responsible for the business and they take joint
decisions.
• Easy to change the legal status of the business if needed.
• Divides the profits and losses of the business among the partners.

4.What are some advantages of running a corporation form of business organisation?

Ans: Corporations have many advantages including,
• They attract investors because shareholders of a corporation have limited liability, i.e.,
creditors can only claim the assets of the corporation and not the personal assets of the
stockholders for the settlement of the corporation's debts or liabilities.
• Shares of the ownership are transferable, so the corporation continues to exist even if the
management changes.

F. Application Based Questions

1.A group of 15 retired people in your neighbourhood wants to start an organisation to educate
underprivileged children. Suggest them the type of organisation that they can start.
Ans: Cooperative

2.Surabhi wants to start her own boutique. She wants to choose an option that requires
minimum investment and business regulations. Which business ownership option should she
choose and why?
Ans: Surabhi should opt for Sole Proprietorship because it involves minimum start-up cost
and least government regulation.

Chapter – 16: Characteristics of Entrepreneurship

A. Multiple Choice Questions:

1. Entrepreneurship development is_________
a. An institution b. A process c. A course d. A venture

2. The first phase of the entrepreneurship development is _________

a. Management of the resulting enterprise
b. Development of business plan
c. Identification and evaluation of the opportunity
d. Determination of the required resources.
3. __________ is the readiness and willingness to start a new enterprise
a. Business b. Initiative c. Success d. Division

4. Aptitudes are__________
a. Learnt skills b. Professional qualifications
c. Memory skills d. Natural talents or inclinations

5. Entrepreneurship helps in generating

a. Confidence b. Employment opportunities
c. Regional development d. All of these

B. Fill in the Blanks:

1. Perseverance is the determination that pushes the entrepreneur to keep going, and keep
trying.
2. One of the psychological benefits of entrepreneurship is that it develops Confidence
3. Capital is the funds for investment to start a business venture.
4. Creativity can be in the form of an invention, an innovation, as marketing, or problem-
solving strategy.
5.One of the most essential characteristics of entrepreneurs is their willingness to take Action

C. Answer the Following Questions (Solved):

1. How will you define entrepreneurship?
Ans:. Entrepreneurship is the act of setting up a business and taking on financial risks in the
hope of making a profit.

2. What is entrepreneurship development?

Ans: Entrepreneurship development refers to inculcation, development, and polishing of
entrepreneurial skills in a person to enable him to establish and successfully run an enterprise.

3. Define 'Need for Achievement'.

Ans:. Need for achievement refers to an innate drive to aim high and achieve success. The
presence of this factor
makes individuals highly motivated to overcome obstacles to be successful and to excel in
their chosen field.

4. What do you understand by the term 'risk tolerance'?

Ans: Risk tolerance is the degree to which an individual can comfortably accept taking
chances.

5. Mention the three ways which make entrepreneurship beneficial for society.
Ans. Entrepreneurship is beneficial for society in three ways-economically, psychologically,
and socially.

D. Answer in One or Two Sentences:

1.Define integrity.
Ans: Integrity is the personal commitment to keep your promises, to do what you say you are
going to do.

2. Make a list of some aptitudes useful in entrepreneurial ventures.

Ans: Some aptitudes that could be useful in an entrepreneurial venture are- Artistic,
Perceptive, Logical, Perceptive, Logical, Mechanical, Spatial, Intellectual.

3.What are the social benefits of entrepreneurship to the society?

Ans: Some of the social benefits of entrepreneurship are- • It helps reduce unemployment.
• It improves socio-economic status.
• It satisfies consumers’ needs
4.How is optimism an excellent personal quality for entrepreneurs?
Ans: Optimism means to have a positive outlook and not to give up in difficult situations. It is
an excellent personal quality for an entrepreneur as it helps in bouncing back after a failure.

5. Explain with the help of an example that family background affects the
entrepreneurial behaviour of people.
Ans: Background of a family business also influences entrepreneurship. Youngsters who
belong to business families often join their family business. They learn business skills from
their elders. They often evolve their business according to the changing culture and take it to
greater heights. The Ambani brothers (Mukesh and Anil Ambani) are good examples of this
phenomenon.

E. Answer the Following Questions:

1. Mention any five characteristics that you possess that can help you to become a
successful entrepreneur.
Ans: I possess the following characteristics that can help me become a successful
entrepreneur: • Identify business opportunities
• Foresee risks
• Hard work
• Perseverance
• Problem-solvers

2. Think of a possible venture that you could start. Also, explain the four main phases
of entrepreneur development process for your venture.
Ans: I plan to start a Tiffin service for office going professionals. The four initial stages of the
entrepreneurship development process will be:
• Identification and evaluation of the opportunity- An increasing number of professionals
living away from families and decreasing trend of cooking at homes is raising demand for tiffin
services.
• Development of the business plan- Researching for number of potential customers,
pricing, dishes in demand, different delivery timings, packaging material and costs, and
delivery method.
• Determination of the required resources- Raw material supplier, packaging material,
cooking space, utensils, gas connection, delivery personnel.
• Management of the resulting enterprise- Quality maintenance, accounts, taxation,
advertisement, etc.

3.Do you think it is essential to have big money and place to start a business? Give
reasons for your answer.
Ans: It is not essential to start with big place or capital investment. Most of the successful
entrepreneurs started their ventures at home, with minimal investment. For example, Software
giant Microsoft was started in Bill Gates’ garage.

4.'Entrepreneurs are a national treasure. They create wealth, jobs, opportunities, and
prosperity in the country. Write your opinion on this statement.
Ans: ‘Entrepreneurs are a national treasure. They create wealth, jobs, opportunities, and
prosperity in the country’- the statement is absolutely true. By identifying opportunities,
entrepreneurs fill the existing gaps between societies’ needs and products offered. In doing
so, they employ people, instigate competition, and raise living standards of the society.

F. Application Based Questions:

1. Amit is good at painting. What possible careers will you suggest him to pursue?
Ans: Some of the career options that Amit may pursue are: • Arts Administrator
• Art Restoration Specialist • Visiting Artist • Commercial Artist
• Muralist • Painter • Interior Designer
• Decorator-Wall Papering
2. Sunaina runs an NGO for under-privileged children. Since it is a non-profitable
organisation, what factors do you think motivate her to work hard?
Ans: Sunaina seems to be motivated by the spirit of service to society.

UNIT – 6 (DIGITAL PRESENTATION)

Chapter – 15: INTRODUCTION TO PRESENTATION SOFTWARE
ANSWER THE FOLLOWING QUESTIONS:

1. How do you launch OpenOffice Impress?

Ans: From the Start Menu:
1. Click on the Start menu or the equivalent on your operating system.
2. Navigate to OpenOffice and select OpenOffice Impress.
Using the Desktop Icon:
If a shortcut is available, double-click the OpenOffice Impress icon.

2. What is workspace in OpenOffice Impress?

Ans: The Workspace is the central area in OpenOffice Impress where slides are displayed
and edited. It provides different views to help in creating and organizing presentations:
• Normal View: For slide creation and editing.
• Outline View: For working with the textual content.
• Notes View: To add speaker notes.
• Slide Sorter View: For managing the order and organization of slides.
• Handout View: For designing the layout of printed handouts.

3. Describe the use of Undo and Redo commands. Which tool bar has these
commands?
Ans: Undo: Reverts the last action performed. For example, if you delete a text box by
mistake, you can use Undo to bring it back.
Redo: Re-applies the action that was undone. If you undo an action and then change
your mind, you can use Redo to restore it.

4. How can you create a new presentation with a blank slide?

Ans: Launch OpenOffice Impress.
In the Presentation Wizard, select Empty Presentation and click Next.
Choose the desired slide design (or leave it blank) and transition options.
Click Create.
Alternatively, you can go to the File menu → New → Presentation to start with a blank
slide.

5. How do you save a presentation in PDF?

Ans: Open your presentation in OpenOffice Impress.
Go to the File menu → Export as PDF.
Adjust the settings (e.g., range of slides, compression, etc.) in the PDF Options dialog
box.
Choose the location, provide a file name, and click Save.

Chapter – 16
Answer the following questions.
1. Write the keyboard shortcut to insert a new slide in a presentation.
Ans: Ctrl + M

2. How can you copy and move contents in slides.

Ans: Copy:
1. Select the content (e.g., text, image, or object) you want to copy.
2. Use Ctrl + C to copy it.
3. Move to the desired location and use Ctrl + V to paste it.
 Move:
1. Select the content you want to move.
2. Use Ctrl + X to cut it.
3. Move to the new location and use Ctrl + V to paste it.

3.Write the keyboard shortcuts to Cut, Copy, and Paste slide contents.
Ans: Cut: Ctrl + X
Copy: Ctrl + C
Paste: Ctrl + V

4. What is Zoom slider?

Ans: The Zoom Slider is a tool located at the bottom-right corner of the OpenOffice Impress
window. It allows you to adjust the zoom level of the workspace to enlarge or shrink the
view of your slides for better visibility and editing precision.

5. List the different presentation views available in Impress.

Ans: Normal View: Default view for creating and editing slides.
Outline View: Focuses on the textual content of slides.
Notes View: Used to add notes for the speaker.
Slide Sorter View: Displays all slides for easy reordering.
Handout View: For designing printed handouts.

6.How do you insert bulleted list in your document.

Ans: Select the text area where you want to add the bulleted list.
Click on the Bullets On/Off icon in the Formatting Toolbar (it looks like a bulleted list).
Alternatively, go to Format menu → Bullets and Numbering, choose a bullet style,
and click OK.
Start typing, and each new line will automatically include a bullet.

Chapter – 17
Answer the following questions.

1. What are the different ways to format text in OpenOffice Impress?

Ans: Using the Formatting Toolbar: Change font style, size, color, bold, italics, underline,
Using the Sidebar: Modify text attributes like spacing, alignment, and styles.
Using the Format Menu: Access advanced text formatting options like bullets,
numbering, and alignment.
Right-Click Menu: Quick options for text properties like font size, alignment, and style.
Shortcut Keys: For example, Ctrl + B for bold, Ctrl + I for italics, Ctrl + U for underline.

2. How will you open Text Formatting toolbar?

Ans: Go to View → Toolbars → Select Formatting.
• Alternatively, the Text Formatting Toolbar appears automatically when you select a text
box or text area.

3. Write different types of horizontal text alignments.

Ans:Left Alignment: Aligns text to the left edge.
Right Alignment: Aligns text to the right edge.
Center Alignment: Centers the text horizontally.
Justified Alignment: Aligns text to both the left and right edges by adjusting spacing.

4. What is Custom Animation? How will you apply animation in the object?
Ans: Custom Animation: It refers to applying effects like entrance, exit, emphasis, or
motion paths to objects (text, images, shapes) to make presentations more engaging.
 Steps to Apply Custom Animation:
1. Select the object you want to animate.
2. Go to the Slide Show menu → Custom Animation.
3. In the right-hand panel, click Add to choose an animation effect.
4. Customize the animation settings (e.g., speed, direction) and click OK.

5. How will you change font colour in the custom animation?

Ans: Select the object and open the Custom Animation panel.
Click on the animation effect you applied.
Choose Effect Options.
In the Effect Options dialog box, go to the Text Animation tab (if applicable) or
customize the font color change effect directly.
Adjust the settings and click OK.

6. How will you remove custom animation?

Ans: Select the object with the animation effect.
Go to the Slide Show menu → Custom Animation.
In the animation panel, select the effect you want to remove.
Click on the Remove button.
Save your changes.

Section 5: Theory Questions (Unsolved)

1.Define presentation software.
Ans: Presentation software is a tool used to create visual aids in the form of slides, often
for delivering speeches, lectures, or business presentations. It allows users to combine text,
images, charts, videos, and animations to convey information effectively. Examples include
OpenOffice Impress, Microsoft PowerPoint, and Google Slides.

2. What do you mean by the term 'Slide'?

Ans: A slide is a single screen or page in a presentation that contains content like text,
images, charts, or multimedia elements. Slides are sequentially arranged to form a
complete presentation.

3. What is the difference between presentation and slide?

Ans: Presentation: A collection of slides organized to deliver information or a message. It
is the overall document or project.
Slide: A single page or screen within the presentation, representing one unit of content.

4. What is Slide Layout? Name any two different Slide Layout options.
Ans: Slide Layout: It defines the arrangement of elements like text, images, and
placeholders on a slide. It helps in structuring content efficiently.
Examples of Slide Layout Options:
Title Slide: Contains placeholders for a title and subtitle.
Title and Content: Includes a placeholder for a title and a large content area for text,
images, or charts.

5. Describe the steps of saving a presentation.

Ans: Go to the File menu → Save As.
Choose the desired location to save the file.
Enter a name for the presentation in the File Name field.
Select the file format (e.g., .odp or .pptx).
Click Save.
 6.Write the steps for adding a password to a presentation.
Ans: Go to File menu → Save As.
In the Save As dialog box, check the box for Save with Password.
Click Save, and a password dialog box will appear.
Enter a password, confirm it, and click OK.

7. Explain Standard toolbar.

Ans: The Standard Toolbar is a set of commonly used tools and commands located at the
top of the OpenOffice Impress interface. It includes options for:
• File operations (New, Open, Save, Print)
• Clipboard commands (Cut, Copy, Paste, Undo, Redo)
• Formatting tools (Font size, Bold, Italics, Alignments)
• Quick actions (Zoom, Slide navigation)

8. Explain the different ways of viewing a Slide Show.

Ans: From Start: Click on Slide Show menu → Start from First Slide to begin the
slideshow from the first slide.
From Current Slide: Use Shift + F5 or select Start from Current Slide in the Slide
Show menu to start from the selected slide.
Full Screen View: Press F5 to display the entire presentation in slideshow mode.

9. When will you use Motion Paths in Custom Animation?

Ans: Motion paths are used when you want an object to move along a specific trajectory or
path (e.g., circle, diagonal, or custom shape) during a slideshow.
Example: To simulate a car moving along a road or text flying into place.

10. Explain different tabs available in custom animation dialog box.

Ans: Effects Tab: Choose the type of animation effect (entrance, exit, emphasis, motion
paths).
Timing Tab: Set the start time, duration, and delay for the animation.
Order and Timing Tab (or Animation Pane): Arrange the order of animations and
adjust their timing relative to one another.
Text Animation Tab: Customize how text appears, such as by paragraph or letter.

Section 6: Long Answer Type Questions (Unsolved)

1. What do you know about Impress software? Explain its features.
Ans: Impress Software: Impress is a presentation software part of the OpenOffice suite, used to
create multimedia presentations. It supports text, images, charts, animations, and multimedia
integration.
Features:
1. Predefined slide layouts for quick design.
2. Support for animations and transitions.
3. Import and export presentations in multiple formats, including PDF and Microsoft
PowerPoint.
4. Slide master and template customization.
5. Tools for speaker notes, handouts, and outlines.
6. Collaborative editing support.

2. List elements of a presentation.

Ans: •Slides
• Text and Titles
• Images and Graphics
• Charts and Tables
• Animations and Transitions
• Multimedia (Audio/Video)
• Speaker Notes
3. Write any two characteristics of a good presentation.
Ans: Clarity: Content should be concise and easy to understand, avoiding cluttered slides.
Visual Appeal: Effective use of visuals, animations, and consistent formatting enhances
engagement.

4. What is the use of presentation software? What are the most popular presentation
applications
Ans: Use of Presentation Software:
1. Creating visual aids for lectures, business meetings, or workshops.
2. Structuring and organizing ideas effectively.
3. Engaging audiences with multimedia elements.
• Popular Presentation Applications:
1. OpenOffice Impress
2. Microsoft PowerPoint
3. Google Slides
4. Apple Keynote
5. Canva

5. What are the different formatting options present in Impress?

Ans: 1. Font Formatting: Change font style, size, color, bold, italics, and underline.
2. Paragraph Formatting: Adjust alignment, line spacing, and indentation.
3. Bullets and Numbering: Customize lists with bullet styles or numbers.
4. Slide Backgrounds: Add solid colors, gradients, or images as slide backgrounds.
5. Object Formatting: Resize, rotate, and align images, shapes, and text boxes.

6. How do you insert a duplicate slide in your presentation?

Ans: 1. Select the slide you want to duplicate in the Slide Pane.
2. Right-click and choose Duplicate Slide from the context menu.
3. Alternatively, go to Insert → Duplicate Slide.

7. What is the use of Zoom & View Layout dialog box?

Ans: Zoom: Allows you to enlarge or reduce the view of your slide to work on details or see the
overall layout.
View Layout Dialog Box: Helps in selecting different slide layouts or rearranging elements
on a slide.

8. Discuss the different views of a slide.

Ans: Normal View: Default view for creating and editing slides.
Outline View: Focuses on the text content of the presentation.
Slide Sorter View: Displays all slides in thumbnail format for rearranging or managing slides.
Notes View: Used to add and view speaker notes for individual slides.
Handout View: Prepares the layout for printing handouts with multiple slides per page.

9. Discuss various options available in the Text Formatting toolbar.

Ans: Font Options: Change font style, size, and colour.
Text Emphasis: Apply bold, italics, underline, or strikethrough.
Alignment: Align text (left, centre, right, justify).
Bullets and Numbering: Add and customize list styles.
Line Spacing: Adjust spacing between lines or paragraphs.
Indentation: Increase or decrease paragraph indentation.
Background Colour: Change the background colour for selected text.