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Worksheets1.9. Entrepreneurship
Total questions: 62
Worksheet time: 32mins
The recipe for success includes _____.
Self-Awareness & Self- Belief
Independence
Grit
All of the Above
India is a ______________ country.
underdeveloped
Developed
Developing
None of the Above
As per 'The State of Employment Report in India’ of 2010, women are paid _______ men for same work.
Equal to
More than
Less than
None of the Above
An _________________ is a self-employed person who is always trying to make his/her business better by taking risks and trying new ideas.
Wage-employed
un-employed
Entrepreneur
None of the above
What does a person need to succeed in Entrepreneurship?
Money
Power
Politics
Mindset
A _________ person is someone who works for a person/ organization and gets paid for that work.
Self Employed
wage employed
Entrepreneur
None of the above
_______ is the act of setting up and running a business, taking on risks in the hope of profit.
Entrepreneurship
wage employement
Both A & B
None of the above
Expansion of BRICS is ______.
Brazil, Russia, India, China and South Africa
Brazil, Russia, Indonesia, China and South Africa
Belgium, Russia, Indonesia, China and South Africa
Brazil, Russia, India, China and Swizerland
Which of these is a quality of an entrepreneur?
Hardworking
Creative
Risk taker
All of the Above
What does 'S' in SWOT stand for?
Strength
Support
Supervise
Sincere
What does 'W' in SWOT stand for?
Winner
Weakness
Worry
Warning
What does 'O' in SWOT stand for?
Opportunity
Opponent
Observer
Outstanding
What does 'T' in SWOT stand for?
Time
Threat
Target
Technology
An entrepreneur should not take any risks.
TRUE
FALSE
What is the full form of FMCG?
First Moving Customer Goods
First Moving Consumer Goods
Fast Making Customer Goods
Fast Moving Consumer Goods
Best way to identify customers needs is _____.
Through 3rd person
By advertising on newspaper
By observation and Message
By talking to them and survey
Which are the important elements to remember while doing a customer survey?
Talk and Talk More.
Write and read
Listen and listen
Listen, observe & talk.
What is the full form of GST?
Good and Sales Tax
Goods and Service Tax
Great Service Tax
Great Sales Tax
Goods and Service Taxes (GST) Bill was implemented in _____.
2017
2019
2020
2018
20 A _______ is the process of gathering data from people about certain topics by interacting with them.
Survey
Case Study
Both A & B
None of the above
21 What is the expansion of 'MSME' ?
Micro, Small and Medium Enterprises
Ministry of Small and Medium Enterprises
Ministry of Small and micro Enterprises
Micro, Small and Model Enterprises
Which is the Good method to interact with customer for survey?
Go prepared with the questions that you want to ask.
Speak to at least 20 people to get reliable data.
Speak Politely & deeply
All of the above
Which is the important scale to improve business ideas?
Customer
Competitor & Technology
Funds & Govt Schemes
All of the above
The full form of 'NIC' is __________ .
Net, Interest, Cost
National Institute of Corruption
Need, Interest, Concern
News, Interest, Communication
What is the full form of 'UVP'?
Utilise Value Product
Unique Value Proposition
Under Value Price
Unique Value Price
Feedback means ________.
Suggestion for improvement.
Things people like about the idea
Things people do not like about the idea
All of the above
What does 'S' in SMART stand for?
Specific
Success
Strength
Smart
What does 'M' in SMART stand for?
Money
Management
Measurable
Market
What does 'A' in SMART stand for?
Action
Achievable
Ambitious
Awareness
What does 'R' in SMART stand for?
Realistic
Retail
Recycle
Responsibility
What does 'T' in SMART stand for?
Threat
Timely
Trust
Talent
The 4Ps of a good sales pitch are: promise, picture, pitch and ______?
Product
Proof
Price
Public
Convincing the customer that your product actually works and does what it says, is called _____ in a sales pitch.
Picture
Power
Product
Proof
Your final selling statement – one that will ensure the sale is called a ______.
Product
Pitch
Picture
Proof
The amount collected by selling a product or service is called sales.
True
False
The methods of tracking our money that will help manage our finances is called ___________.
Accountancy Money
Management
Income
Saving of Money
Managing Money helps us determine our profits and losses.
True
False
_____ can be accounted for as business expenses.
Rent
Equipment
Labour charges
All of the above
Money Management can help us understand and keep track of ______.
money available
expenditure incurred
income generated
All of the above
Which of the following is not a part of Money Management?
Manufacturing
Loss
Cash available
Profit
Sheetal has a clothing retail business. She spends a total of Rs.3000 for 20 tops. She sells 20 tops for Rs.4500. Sheetal has made a ______?
Loss
Profit
What is the full form of COGS?
Cost of Goods Sold
Care of Good Sale
Care of Good sale
Cost of Good sale
The formula for COGS is ____ .
Total Sales- COGS
Money remaining + sales
Total purchases – inventory at the end of the month
Opening balance – expenses
Inventory Value is ____ .
Total Sales
Money Remaining
Monetary value of unsold products
Amount spent on paying rent
The techniques which one applies to promote goods or services and increase sales is called _______.
Marketing Techniques
Money Management
Product pitching
Customer Service
Which of the following are methods of marketing?
Word of Mouth
Schemes & Discount
Social Media page promotion
All of the above
Sponsoring local events like cricket matches or Diwali celebrations is a marketing method.
True
False
Shilpa is going door to door selling handicrafts. This is an example of ___ marketing.
Online
Offline
Mass
None
Reena sells her product in creative packaging that customers like. This is a marketing method.
True
False
Which of these is not a Marketing method?
Word of mouth
Instagram account for business
Paying rent
20% Discount on products
Anitha started a TikTok account for her crafts business. She used ________ marketing strategy.
Online Marketing
Poster
Tagline
Networking
Which of these is not online marketing?
Facebook Post
Business Website
Instagram Story
30% discount on your first store visit
While carrying out business, doing the morally right thing is considered as _____.
consumer law
business ethics
decision making
business strategy
Discipline, Honesty, Accountability and _________ are the core values while talking to customers.
Respect
Kindness
Power
Money
Being responsible for your actions towards customers is known as _____.
Accountability
Discipline
Marketing
Respect
Business ethics are for customers only.
True
False
An entrepreneur should ensure that the products and services should not harm the customer.
True
False
Which of these are ethics for business?
Respecting Consumer Rights
Treating everyone fairly, from customers to co-workers to employees
Saying no to bribes
All of the above
Whose right is this? The right to be protected against the marketing of goods and services that are harmful to life and property.
consumer
business
child
citizen
When you tell a business story, the following steps should be followed:
___________
your struggles
how you solved problems
closing
A ________ describes what a company desires to achieve in the long-run.
Ethical practice
Marketing strategy
Business strategy
vision statement
The most critical part of your business success story is your ____ .
Introduction
Challenges
Supporters
All of the above
