Employability: Entrepreneurial Skills – II · Class 10 · CBSE Information Technology (402)
Which of the following represents a social benefit of entrepreneurship rather than a purely financial one?
Practice question from Employability: Entrepreneurial Skills – II (Class 10 · CBSE Information Technology (402)), with the correct answer and a step-by-step solution.
medium · MCQ · Q-41B082
Which of the following represents a social benefit of entrepreneurship rather than a purely financial one?
- A.High personal dividend payouts to founders
- B.Reduction in regional imbalances and community developmentCorrect answer
- C.Avoidance of corporate income taxes
- D.Monopolization of local supply chains
Solution
Social benefits of entrepreneurship include community development, addressing local social problems, and reducing regional disparities by setting up businesses in underdeveloped areas.
More from Employability: Entrepreneurial Skills – II
- Which of the following best defines an entrepreneur?
- What is the primary role of an entrepreneur in society regarding economic development?
- Which of the following is a common myth about entrepreneurship?
- Distinguish between a traditional salaried employee and an entrepreneur with respect to risk and reward.
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