QUIZ #2 - BSAB - 2A

It has hardly any savings or wealth and has no choice but to take up whatever jobs are available, even if these are low-paying and casual?

• A Category

• B Category

• C Category

• All of the above

Who has some savings or wealth but choose to work in an office, factory or shop run by someone else and earn remuneration (salary or wages)?

• A Category

• B Category

• C Category

• None of the above

It is also known as Solo-preneur, directly involved in running or operating her or his own business/ shop in anticipation of profit.

• A Category

• B Category

• C Category

• All of the above

No formal leave or retirement dates

• Advantage of self-employment

• Disadvantage of self-employment

Business income varies, but expenses are more constant.

• Advantage of self-employment

• Disadvantage of self-employment

It means securing the basic necessity of life such as food, clothing, shelter, health and the capacity to acquire the above to meet the requirements of oneself and the family.

(a)  

These are factors that push individuals away from entrepreneurship.

• Push Factors

• Pull Factors

• Livelihood

These are factors that make individuals choose entrepreneurship as a career.

• Push Factors

• Pull Factors

• All of the above

If a professionally qualified person like a doctor or engineer works in any other organization for a fixed salary or fees, the person is not self-employed.

• True

• False

If the same doctor starts practicing by opening his/her own clinic, then he/she is self-employed.

• True

• False