Cooking in a restaurant is a _______________ business idea but owning a clothing business is a _____________ business idea.

• Wage employment, Industrial employment

• Self employment, Industrial employment

• Wage employment, Self employment

• None of these

State the following facts are true or false:

1. Entrepreneurs can create jobs in the market.

2. When many entrepreneurs sell mobile phones in a market, the prices of phones increase.

• 1. True

  2. False

• 1. False

  2. True

• 1. False

  2. False

• 1. True

  2. True

Surabhi opens 5 painting stores across India. Which stage of business development is this?

• Entering stage

• Surviving stage

• Growing stage

• None of these

Why is multi-tasking a key entrepreneurial skill?

• Small businesses may start out as one-person operations.

• Small businesses usually involve delegating tasks to employees.

• Small businesses usually involve tasks that must be completed immediately.

• Small businesses usually involve hiring a large staff to get them off the ground.

Which one of the entrepreneurial skills would fall under marketing and sales?

• Creating events

• Opening the doors early

• Paying bills on time

• Ordering the right inventory

What is initiative?

• The drive to do whatever is necessary to make a business successful

• The drive to oversee a variety of business-related details

• The drive to delegate as many responsibilities as necessary and possible

• The drive to solve many problems in a timely manner

What is the full form of DPR?

• Delayed Project Report

• Detailed Performance Report

• Domestic Progress Ratio

• Detailed Project Report

Select the correct arrangement:

• BMC > VPC > DPR > FP

• VPC > BMC > DPR > FP

• VPC > BMC > FP > DPR

• None of these

What is the key objective of Value Proposition Canvas?

• To map the customer needs

• To map the customer feedbacks

• To map the customer values

• To map the customer relation

What is the full form of NABARD?

• National Bill for Agriculture and Rural Development

• National Bank for Agriculture and Rural Development

• National Bill for Agriculture and River Development

• National Bank for Agriculture and River Development