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Entrepreneurship Development - Topic 1

Total questions: 20

Worksheet time: 16mins

Name
Class
Date
1.

Select the correct option:

The word ‘entrepreneur’ is derived from the ________ word ‘entreprendre’.

a)

Japanese

b)

English

c)

French

2.

Select the correct option:

‘Entrepreneur’ means to ________ .

a)

undertake

b)

enterprise

c)

businessman

3.

Select the correct option:

An __________ is a person who starts a business and is willing to risk loss in order to make money.

a)

banker

b)

entrepreneur

c)

economist

4.

Select the correct option:

The term entrepreneur was first used by __________ .

a)

J. Schumpeter

b)

R. Cantillon

c)

A. H. Cole

5.

Select the correct option:

Entrepreneur are highly ________.

a)

pessimistic

b)

optimistic

c)

sedimistic

6.

Give one word / phrase / term for the following statements:

A person who organises and operates a business.

(a)  

7.

Give one word / phrase / term for the following statements:

A person who is an innovator who introduces new combinations of means of production

(a)  

8.

Give one word / phrase / term for the following statements:

Ability of entrepreneur to analyse business situations.

(a)  

9.

Give one word / phrase / term for the following statements:

Ability of entrepreneur to update himself with the latest knowledge about the product, process and technology.

(a)  

10.

Give one word / phrase / term for the following statements:

Ability of an entrepreneur to express his ideas and strategies effectively.

(a)  

11.

Give one word / phrase / term for the following statements:

Ability of an entrepreneur to face challenges and always seek new and more opportunities.

(a)  

12.

State whether the following statements are true or false:

An entrepreneur should not be ready to work hard.

a)
b)
13.

State whether the following statements are true or false:

Entrepreneurs are born and not made

a)
b)
14.

State whether the following statements are true or false:

Entrepreneur’s job is to fill the gap which exists in the knowledge about the production function.

a)
b)
15.

Complete the sentences:

The four factors of production are Land, Labour, Capital and (a)   .

16.

Complete the sentences:

The people who have the courage to offer and to share an idea or a product or a service with the world are called as (a)   .

17.

Correct the underlined word:

The word ‘Entrepreneur’ comes from the German verb entreprendre, it means ‘to undertake

(a)  

18.

Correct the underlined word:

Entrepreneurs try to make home a better place where the needs of consumers can be satisfied.

(a)  

19.

Correct the underlined word:

Successful entrepreneur takes uncalculated risks in business.

(a)  

20.

Correct the underlined word:

Entrepreneur are short sighted in nature.

(a)