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Worksheets

FED 1

Total questions: 20

Worksheet time: 7mins

Name
Class
Date
1.

WHAT DISTINGUISHES BUSINESS FROM ENTREPRENEURSHIP?

a)

MARKET

b)

INNOVATION

c)

CUSTOMERS

d)

PRICING

2.

ENTREPRENEURSHP IS BORN OUT OF _____

a)

PROBLEM

b)

PRODUCT

c)

MARKET

d)

RESEARCH

3.

WHAT ARE THE FOUR FACTORS OF PRODUCTION?

a)

ENTREPRENEUR

b)

LAND

c)

LABOUR

d)

CAPITAL

e)

CUSTOMER

4.

AN EMPLOYEE WITH ENTREPRENEURAL MINDSET IS CALLED AS (a)  

5.

ACCOUNTING IS A _____ FUNCTION OF AN ENTREPRENEUR

a)

ENTREPRENEURIAL FUNCTION

b)

PROMOTIONAL FUNCTION

c)

COMMERCIAL FUNCTION

d)

MANAGERIAL FUNCTION

6.

WHICH OF THE FOLLOWING IS NOT A PROMOTIONAL FUNCTION?

a)

ASSEMBLING RESOURCES

b)

INVESTIGATION OF IDEA

c)

FINANCING

d)

MARKETING

7.

THE CLASSIFICATION OF ENTREPRENEURS ON THE BASE OF SIZE IS BASED ON ____

a)

MARKET SIZE

b)

INVESTMENT IN CAPITAL

c)

INVESTMENT IN PLANT AND MACHINERY

d)

CUSTOMER BASE

8.

A LARGE ENTREPRENEURSHIP HAS MORE THAN ____ CRORE INVESTMENT IN P&M

a)

1

b)

5

c)

10

d)

50

9.

THE PROMOTION FUNCTION IS PROMOTING WHAT?

a)

ENTREPRENEUR

b)

IDEA

c)

ADVERTISEMENT

d)

MARKETING

10.

THIS IS AN EXAMPLE OF _____ ENTREPRENEUR

a)

SERVICE

b)

MANUFACTURING

c)

AGRICULTURAL

d)

RURAL

11.

KODAK CAMERAS IS AN EXAMPLE OF _____ ENTREPRENEUR

a)

INNOVATING

b)

IMITATIVE

c)

FABIAN

d)

DRONE

12.

(a)   IS THE FIRST STEP IN PRODUCT ADOPTION PROCESS

13.

Organizations like Good Fellows fall under:

a)

Community social entrepreneur

b)

Non-profit social entrepreneur

c)

Transformational social entrepreneur

d)

Global social entrepreneur

14.

WHAT IS THE ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMEMT?

a)

WEALTH CREATION

b)

JOB CREATION

c)

INCREASED GDP

d)

EXPORTS

15.

The New Product Adoption Curve primarily explains:

a)

Product life cycle stages

b)

Rate of consumer acceptance of innovation over time

c)

Market segmentation based on income

d)

Consumer satisfaction levels

16.

WHAT SEPARATES THE EARLY MARKET FROM MAINSTREAM MARKET?

(a)  

17.

Which adopter category is CRITICAL for achieving mass market success?

a)

Innovators

b)

Early adopters

c)

Early majority

d)

Laggards

18.

Early adoptersaccount for what % in the market?

a)

2.5%

b)

13.5%

c)

20.5%

d)

34%

19.

WHAT ARE THE ROOTS OF UNETHICAL BEHAVIOUR?

a)

PRESSURE

b)

OPPORTUNITY

c)

RATIONALISATION

20.

WHAT SHOULD BE EXAMINED AND RECTIFIED DAILY TO ENSURE PERSONAL ETHICS?

a)

ACTIONS

b)

WORDS

c)

THOUGHTS

d)

OTHERS