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Entrepreneural Skills Chapter - 4

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

Successful entrepreneurs have the __________ abilities.

a)

They are confident

b)

They keep trying new ideas

c)

They are creative

d)

All of the above

2.

An _______________ is a person who is self – employed, is willing to take a calculated risk and brings in a new idea to start a business.

a)

Software Engineer

b)

Entrepreneur

c)

Civil Engineer

d)

Mechanical Engineer

3.

The process of developing a business plan, launching and running a business using innovation to meet customer needs and to make a profit is __________________.

a)

Software Engineer

b)

Entrepreneur

c)

Civil Engineer

d)

Mechanical Engineer

4.

A self employed person who is always trying to make his/her business better by taking risks and trying new ideas is an _________.

a)

Business Man

b)

Employer

c)

Entrepreneur

d)

None of the above

5.

What do entrepreneurs do when she/he runs their business?

a)

Fulfill Customer Needs

b)

Use Local Materials

c)

Create Jobs

d)

All of the above

6.

What are the qualities of successful entrepreneurs?

a)

Fulfill customer needs

b)

Use Local Materials & lower price of product

c)

Help Society

d)

All of the above

7.

Business is a type of economic activity that involves the constant and regular production and distribution of _____________ and ____________ to meet human needs.

a)

Goods, Services

b)

Purchase, Sells

c)

Service, Payment

d)

Service, Money

8.

What are the qualities of an Entrepreneur?

a)

You must believe in yourself.

b)

Be patient because I know success will come soon

c)

Be creative and problem solving

d)

All of the above

9.

There are various natural resources present around us _____________. Entrepreneurs keep working to find the most optimal ways of using the resources to reduce costs and increase their profits.

a)

Renewable

b)

Non-renewable

c)

Both a) and b)

d)

None of the above

10.

When a person begins a business, he or she may encounter several challenges and failures. Even while taking a significant risk, an entrepreneur must think _____________.

a)

Positively

b)

Negatively

c)

Both a) and b)

d)

None of the above