ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What are the objectives of EDP
A
To Identify and train the potential entrepreneur
B
To motivate entrepreneurial instinct
C
To help in team building
D
All of these
Explanation: 

Detailed explanation-1: -To get knowledge about government plans and programs. To provide training to operate a business. To encourage self-employment tendencies. To develop managerial skills. To know the availability of resources. To understand the business environment and market. More items •14-Aug-2022

Detailed explanation-2: -Two processes are explored during EDP auditing: financial and operational. PWC states that the main purpose of an audit is to assure that financial statements are “true and fair” when viewing your company. And of course, that’s important.

Detailed explanation-3: -The usual objective of a development plan is to support the organization’s operational goals. However, development programs can also increase an employee’s satisfaction level, which might indirectly benefit the employer through a higher rate of retention and enhanced professional effectiveness.

Detailed explanation-4: -The overall objectives of EDP are mainly to help in the rapid growth of the economy by supplying skilled entrepreneurs. This programme primarily aims at providing self-employment to the young generation. Stimulatory Role: It aims at influencing people in large number to be the entrepreneur.

Detailed explanation-5: -Electronic data processing (EDP) refers to the gathering of data using electronic devices, such as computers, servers or calculators. It is another term for automatic information processing. It also involves analyzing data and summarizing and recording the output in a (human) usable form.

There is 1 question to complete.