WorksheetsContent Section
Total questions: 35
Worksheet time: 18mins
Entrepreneurship primarily refers to:
Managing an existing firm
Creating and sustaining a business with profit intention
Government ownership of enterprises
Corporate restructuring
Entrepreneurship involves transforming ideas into:
Policies
Theories
Action
Rules
According to Kuratko and Hodgetts, entrepreneurship is a process involving:
Capital and labour
Innovation and risk
Individual, organization, environment, and government cooperation
Market and technology
A.H. Cole defined entrepreneurship as:
Profit-seeking business activity
Purposeful economic activity through production and distribution
Government-supported enterprise
Risk-free innovation
Which of the following best distinguishes an entrepreneur from a businessman?
Ownership
Innovation and risk-taking
Size of business
Legal status
One major benefit of entrepreneurship is:
Guaranteed income
Personal satisfaction of creating a venture
Job security
Fixed working hours
Entrepreneurs gain experience in:
One functional area
Limited operations
Multiple disciplines
Only finance
Entrepreneurs who introduce new ideas and disrupt markets are called:
Fabian
Imitative
Innovative
Drone
Imitative entrepreneurs are mostly found in:
Developed countries
Developing countries
Socialist economies
Closed economies
Fabian entrepreneurs adopt innovation:
Immediately
Aggressively
Only when compelled
Voluntarily
Drone entrepreneurs are characterized by:
Flexibility
Innovation
Rigidity and resistance to change
High growth orientation
Rural entrepreneurship mainly aims at:
Urban development
Rural industrialization
Export promotion
Corporate growth
Dairy products and jaggery fall under:
Forest-based industries
Textile industries
Agro-based industries
Service industries
Agricultural entrepreneurship focuses on:
Land ownership
Input and output management
Only crop trading
Import of seeds
Organic farming is an example of:
Social entrepreneurship
Educational entrepreneurship
Agricultural entrepreneurship
Women entrepreneurship
Social entrepreneurship mainly focuses on:
Profit maximization
Social capital creation
Market monopoly
Shareholder wealth
Women entrepreneurship involves:
Only ownership
Only management
Organising, operating, and risk-bearing by women
Government support only
The ability to convince others reflects which personal factor?
Proactive
Persuasive
Initiator
Risk-taker
The motivation to excel and achieve goals relates to:
Need for power
Need for affiliation
Need for achievement
Need for security
Loss of social status can encourage entrepreneurship due to:
Economic decline
Need to regain prestige
Legal pressure
Cultural barriers
Education system influences entrepreneurship by:
Restricting innovation
Promoting routine jobs
Developing problem-solving skills
Reducing ambition
Availability of capital is classified under:
Psychological factors
Social factors
Economic factors
Personal factors
Skilled manpower affects entrepreneurship by improving:
Legal compliance
Productivity
Culture
Motivation
The Theory of Achievement Motivation was proposed by:
Knight
Schumpeter
McClelland
Cole
The need to influence and direct others is called:
Need for achievement
Need for power
Need for affiliation
Need for security
Knight viewed profit as a reward for:
Risk-bearing
Innovation
Uncertainty-bearing
Capital investment
Risks that can be statistically predicted are called:
Uncertain risks
Non-calculable risks
Calculable risks
Strategic risks
Competitor strategies fall under:
Calculable risks
Insurable risks
Non-calculable risks
Operational risks
Innovation theory of profit was proposed by:
McClelland
Knight
Schumpeter
Danhof
Introducing a new production method aims to:
Increase taxes
Reduce cost of production
Increase uncertainty
Reduce demand
Opening a new market is classified as:
Cost-reducing innovation
Demand-increasing innovation
Risk elimination
Capital formation
Entrepreneurship leads to inclusive development mainly through:
Monopoly creation
Chain reaction of industries
Import substitution
Price control
Export promotion helps the economy by:
Reducing employment
Generating foreign exchange
Increasing imports
Increasing inflation
Entrepreneurship improves living standards by:
Increasing prices
Providing low-quality goods
Offering innovative goods at affordable prices
Reducing choices
One direct outcome of entrepreneurship is:
Capital flight
Employment generation
Resource wastage
Economic instability
