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WorksheetsEntrepreneurship Quiz
Total questions: 30
Worksheet time: 10mins
An entrepreneur is primarily known for:
Following rules
Managing existing departments
Taking risks and innovating
Avoiding market competition
Who is considered the owner of a business?
Shareholder
Manager
Entrepreneur
Director
A technical entrepreneur:
Follows traditional practices
Invests in agriculture
Uses science and technology
Works in sales
Entrepreneurs based on gender are classified as:
Private and Public
Technical and Non-technical
Men and Women
Active and Passive
Which of the following is not a function of management?
Planning
Organizing
Inventing
Controlling
A person who buys an existing business to reduce risk is a:
Challenger
Buyer
Drone
Solo Operator
The function of staffing includes:
Forecasting markets
Recruitment and training
Analyzing competitors
Planning goals
Drone entrepreneurs are known for:
Accepting innovation
Copying others
Strictly following old methods
Taking bold steps
An entrepreneur who runs a business with minimal staff is a:
Buyer
Active Partner
Solo Operator
Inventor
What does PODSCORB stand for in management?
A business law
A marketing model
A set of managerial functions
A tax policy
Clarence Danhof categorized entrepreneurs based on:
Enterprise size
Gender
Behavior and innovation
Capital invested
Planning as a function of management involves:
Execution
Supervision
Deciding what, when, how, and by whom
Motivating people
A manager is considered to be:
Owner of the business
Risk bearer
Employee of the company
Passive investor
A large-scale entrepreneur invests:
Below ₹1 crore
Between ₹1 to ₹5 crores
More than ₹5 crores
Exactly ₹1 crore
Which entrepreneur focuses on copying successful ideas?
Drone
Innovator
Imitative
Researcher
Leadership in management refers to:
Delegating technical tasks
Tracking profits
Influencing and guiding subordinates
Approving salaries
Co-ordination in management is related to:
Only financial operations
Teamwork and unity
Hiring new staff
Manufacturing goods
Entrepreneurs who inherit and continue family businesses are called:
Inventors
Buyers
Life-Timers
Challengers
Entrepreneurship is critical for:
Unemployment
Status quo
Economic development
Inventory control
The primary reward of an entrepreneur is:
Salary
Bonus
Profit
Title
A researcher entrepreneur relies on:
Instinct
Quick decision-making
Facts and figures
Advice from friends
Which entrepreneur type is cautious and slow to adopt change?
Drone
Imitative
Fabian
Technical
Motivation as a sub-function of directing aims to:
Force action
Analyze risks
Inspire and energize staff
Handle salaries
The difference between an entrepreneur and a manager is:
Entrepreneurs are salaried
Managers own the business
Entrepreneurs take risks; managers maintain operations
Both are risk takers
Which of the following is a process-based definition of management?
Getting rich quickly
Buying and selling only
Planning, organizing, and controlling
Delegating without supervision
Entrepreneurs based on enterprise size include:
Solo, Partner, Team
Manufacturing, Trading, Agricultural
Small, Medium, Large
Active, Passive, Leader
A challenger entrepreneur:
Works only in old methods
Seeks new challenges constantly
Avoids innovation
Works alone
The function of controlling involves:
Buying materials
Checking performance against goals
Directing staff
Hiring workers
The process of grouping activities and assigning roles is called:
Staffing
Organizing
Motivating
Delegating
An entrepreneur who introduces completely new ideas or markets is:
Drone
Imitative
Innovating
Active Partner
