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WorksheetsENTREPRENEURSHIP
Total questions: 45
Worksheet time: 28mins
Which is a characteristic of a successful entrepreneur? (choose 3 answers)
Motivated
passionate
hardworking
takes a very little risk
What is a disadvantage of being an entrepreneur?
You have more control over your work
You have a more flexible schedule
You do not always receive a regular paycheck
Your work schedule is always predictable
Elon Musk is one of the greatest innovators in the last 30 years. He... (choose any three answers)
Co-founded Paypal
Co-founded Google
Founded the company SpaceX
Founded the company Tesla
What is the purpose of a business plan? ( choose 2 correct answers)
To document your financial activity during one year
Legal document to be filed with the authorities
States the purpose and vision of your company
States the amount of capital you need to run the company
A target market is (choose one answer)
a group of investors willing to put capital into a business
a generational group of individuals
an industry willing to sell and market your product
a group of consumers at which a product/service is aimed
Which is NOT one of the reasons startups typically fail?
No business model
Market demand
Poor marketing
Run out of cash
The process of creating something new that makes life better is called...
Innovation
Opportunity cost
Brand recognition
Technology
A venture capitalist is
The co-founder of a successful startup
A manager of a business's investment, aligning with goals
An investor in a business providing capital for startup
The net worth of a company
What is the difference between a startup and a small business?
Startups intend to grow larger compared to a small business
Startups have been in business longer
Small businesses have multiple locations, startups do not
A small business has more employees than a startup
Who should be involved in preparing a firm’s business plan?
Accountant
Engineer
Entrepreneur
None of the above
The process of creating something new is called
Innovation
Business
Management
Creative flexibility
which type of entrepreneurs utilizes a chance to introduce a new technique or new product
Innovative Entrepreneur
Fabian Entrepreneur
Social Entrepreneur
Imitative Entrepreneur
Which statement relates to entrepreneurs creating changes?
a) They imaging the world differently
b) They come up with revolutionary ideas to solve problems
c) a & b
d) They do more for the society than average person
A fresher joining a company is called its
Share holder
Entrepreneur
Liability
Human resource
An entrepreneur who is the owner of more than one business is called:
Portfolio Entrepreneur
Intrapreneur
Corporate Entrepreneur
None of theabove
Entrepreneur who are characterized by a refusal to adopt opportunities and make changes in production system even if it affects the returns of the organization are called
Drone Entrepreneurs
Fabian Entrepreneurs
Imitative Entrepreneurs
Innovative Entrepreneur
Entrepreneurs are motivated by
Money
Personal values
Pull influences
all the above
which Entrepreneur is not intended in innovative?
Portfolio Entrepreneurs
Imitative Entrepreneurs
Social Entrepreneurs
None of the above
Which of the following is the object of the Entrepreneurial Development Programme?
To Promote first generation businessman
To create awareness about the availability of resources
To encourage self employment tendencies
All of these
Entrepreneurs are _________
a) Moderate risk takers
b) High risk takers
c) Avoidance
d)Both (a) & (b)
Microsoft by Bill Gates is an example of which type of entrepreneurship?
Innovative
Agricultural
Social
Joint
Grameen Bank by Muhammad Yunus is an example of ___________Entrepreneurship
Innovative
Social
Public
Joint
Which one of the following training methods is most suitable for developing problem-solving skills?
Lecture
Case Study
Role Playing
Sensitivity Training
Agricultural Entrepreneurship helps farmers in ________
finding low-cost innovations in farming processes
giving loans to farmers
giving jobs to the family members of farmers
all of the above
Hero Moto Corp & Hyubdai Corporations belongs to which type of Entrepreneurs?
First generation Entrepreneurs
Industrial Entrepreneurs
Trading Entrepreneurs
Business Entrepreneurs
identify the type of entrepreneurs who develop alternative projects by selling the running business
Trading Entrepreneurs
Technical Entrepreneurs
Business Entrepreneurs
Professional Entrepreneurs
"They enter into entrepreneurship because of various government supports provided in terms of financial assistance, incentives, concessions and other facilities to the people who want to set up their new enterprises." which type of entrepreneur he is?
Induced
Motivated
Spontaneous
Imitative
Ratan Tata shifted the manufacturing plant of Nano cars from Singur to Sanand due to unforeseen complexity. which of the following competency of an entrepreneur is highlighted in the above case?
Problem Solving
information seeking
systematic planning
quality performance
The following method is used to give to trainees the important information in permanent form for immediate of future use
Lecture Method
Conference
Written Instructional method
Training within the Industry
An Entrepreneur is
Born
Made
Born and made both
All of these
Who is considered the father of entrepreneurship?
A) Joseph Schumpeter
B) Paul Reynolds
C) Bill Gate
D) Elon Musk
Entrepreneurship Development Program is to help-
A) Well established business
B) First generation entrepreneurs
C) Employees of organization
D) Non of the above
Entrepreneurial behaviours includes:
A) Solving Problems
B) Taking Initiatives
C) Taking responsibility
D) All of the above
What is the need of entrepreneurship
A) For new innovation
B) For healthy competition
C) To fill gap in growth
D) all of the above
Which one of the following is the process of entrepreneur developing new products that over time make current
products obsolete?
A) New business model
B) Creative Destruction
C) Anatomization
D) None of the above
What is the purpose of a feasibility study for starting a new venture?
A) To understand if there are any barriers to success
B) Estimate sales
C) Exploring for potential customers
D) None of the above
Entrepreneurship Development Program is helpful for
(a)
Entrepreneurship Development Program is helpful for
(a)
Person who works within an organization and having entrepreneurial capabilities is
(a)
The term “Entrepreneur” has been derived from the word
(a)
In a certain geographic area, entrepreneurial development is greatly influenced by
(a)
.Why should an entrepreneur do a feasibility study for starting a new venture?
(a)
There are certain entrepreneurs who are compelled by their socio-economic backgrounds to take up entrepreneurship. They are called as
(a)
. (a) training covers all the necessary topics required for an individual to run their own business successfully
Once a potential business idea is identified, entrepreneurs need to conduct a (a)
