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WorksheetsBCM Entrepreneurship
Total questions: 65
Worksheet time: 40mins
What are the duties of an entrepreneur?
Talking to
customers
Managing
finances and
budgets
Managing the
business
All of the above
Pratibha wants to start a Biriyani Hotel. What will
she need first?
Business plan
Name Board
Food Items
Kitchen
Equipment
An Entrepreneur can help the society by --------
--------
Seeking new
Opportunities
Marketing the
product
Work with a
team of people
Creating Job
Opportunities
Raju wants to start a Textile shop, which of the
following is the first step?
Rent a Shop
Purchase New
Fabrics
Business Plan
Hire Staff
A person who hires other people for their
business is an __________
Doctor
Employee
Entrepreneur
Politician
What are the qualities of an entrepreneur that a
self-employed person also needs to have?
Creative Thinking
Problem Solving
Customer
Service
All of the above
Vidya is single-handedly selling homemade
pickles to her neighbors. Who is Vidya?
Self-employed
Seller
Entrepreneur
Distributor
How does Market Scan help a business?
Give an idea
about the
customers
Help understand
about other
similar business
Help to make the
business plan
All of the above
Geetha wants to start a tailoring shop (boutique).
Her trainer asked her to do a Market Scan. Geetha
should do the Market Scan in _____________.
Bakery sector
Beauty Parlours
Tailoring and
Textile Industry
Packing company
An Entrepreneur needs to maintain good --------
------ with his customers
Communication
Relationship
Behavior
Friendship
identify the logo
(a)
identify the logo
(a)
Identify the logo
(a)
Identify the logo
(a)
identify the logo
(a)
identify the logo
(a)
identify the logo
(a)
what is the most important thing in your life..?
money
passion
A safe job
freedom
if Rs.1 crore is given to you to start a startup with whom you will start a business ?
Family
Friends
Alone
on a scale of 5, how much are you working for your dream
1
2
3
4
5
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
Start up India Scheme was announed:
26th Jan 2015
15th Aug 2015
8th Nov 2016
None of the above
What are the Reasons for Developing Small Enterprises in India ?
To generate Large Scale Employment Opportunities
To Eradicate Unemployment Problem
To promote balanced regional development
Equitable distribution of National Wealth & Income.
All of the above
To protect a process,method or innovation one gets:
Copy right
Patent
Trade mark
None of the above
Which of these industries belongs to the Manufacturing Sector?
eCommerce
Chemicals
Banking
Hospitality
MSME Act was passed in which year?
2006
2012
2016
2018
Which of the following find is odd with respect of Village and Small
Scale Industry
(a) Handloom
(b) KhadiIndurstries
(c) Sericulture
(d) Farming equipments
The acronym SME stands for...
Small and Middle Employers
Small and Medium sized Enterprises
Small Micro Entities
Small Middle Employees
A micro sized business employs how many people?
Two people
No more than 50
Less than 10
One person
What is a trade association?
A non-profit organization for wildlife conservation
A type of stock market exchange
A government regulatory agency
An organization founded and funded by businesses that operate in a specific industry to promote and protect the interests of its members.
Name one benefit of joining a trade association.
Networking opportunities
Opportunity to work alone without collaboration
Access to exclusive discounts
Free food at meetings
What is the role of trade associations in advocating for industry interests?
Trade associations only focus on promoting individual company interests
Trade associations advocate for industry interests by representing the collective voice of the industry, providing industry-specific expertise to policymakers, and promoting industry standards and best practices.
Trade associations have no role in advocating for industry interests
Trade associations advocate for industry interests by lobbying against industry regulations
What are the main functions of trade associations?
Providing financial services to individuals
Representing and advocating for the interests of a specific industry or group of businesses
Promoting environmental conservation efforts
Offering legal representation to criminal defendants
How do trade associations contribute to industry standards and best practices?
By bringing together industry experts to develop and promote guidelines, sharing knowledge and resources, and advocating for common interests.
By promoting unhealthy competition and monopolies
By limiting innovation and creativity
By creating unnecessary bureaucracy and red tape
What are some examples of trade associations in your local area or industry?
Fast food chains
Book clubs
Local sports teams
Chamber of Commerce, Industry-specific trade groups, Professional associations
What is a family enterprise?
Ownership control by two or more members of a family or a partnership of families
Strategic influence by family members on the management of the firm
Concern for family relationships
The dream of continuity across generations
Why are family businesses a failing sector?
Poor or no succession plan
Conflicts within the family
Different visions between generation
Family businesses have a unique set of problems because:
the success of a family and the success of a business are based on different criteria.
family members have different goals.
family members usually prefer to work for a large corporation.
all of the above.
Make in India was launched by Government of India on
25 September, 2014
1 July, 2015
15 July, 2015
1 June,2015
Digital India is a campaign launched by the Government of India to ensure
online infrastructure
increasing internet connectivity
making country digitally empowered in the field of technology
All of Above
Motto of Digital India is
Empower to power
Power to empower
made in india
make in india
Which one is not a part of core component in Digital India?
Development of secure and stable digital infrastructure
Development of Skill
Providing government services digitally
Universal digital literacy
Which ministry is operating project Make in India?
Commerce and Industry
Electronics and Information
Home affairs
External Affairs
Pradhan Mantri Kaushal Vikas Yojana covered under project
Make in India
Digital India
Skill India
None of these
Skill India is the programme of
Ministry of labour
Ministry of Skill development and Entrepreneurship
Ministry of Finance
Ministry of Textile
What is a business plan?
Written document that only outlines the business practices of the new business.
Written document that describes the financial aspects of the business.
Written document that only describes the ownership of the business.
Written document that describes all the steps necessary for opening and operating a successful business.
Why do you need a business plan?
To explain your idea
the ability to get financing.
it's a road map that sets objectives and goals for the business.
To help reduce the risk of business failure.
All of the above.
Complete the sentence: A business plan...
is useful once your business is operational but not much help during the startup phase
is not usually needed once the business is up and running
can serve as a tool for helping a business during the startup phase and for managing your business once it is up and running.
