Q.5) Which one is NOT a disadvantage of Entrepreneurship?

A.Risky B.Uncertain Income C.You are the boss D.

Work long hours

Q.6) Which one is NOT an advantage of Entrepreneurship?

You will make decisions alone

Q.7) What type of entrepreneurial business actually produce the products they sell?
A.Manufacturing B.Wholesaling C.Retailing D.

Service

Q.8)

What type of entrepreneurial business sells products to people other than the final customer?

A.Manufacturing B.Wholesaling C.Retailing D.

Service

Q.9)

What type of entrepreneurial business sells products directly to the people who use or consume them?

A.Manufacturing B.Wholesaling C.Retailing D.

Service

Q.10) What type of entrepreneurial business sells service instead of a product?

Service

Q.13) Which one is NOT a step in the problem solving method?

Ignore the problem

Q.19) Chemicals, fabrics, and foods are examples of (BLANK) businesses. Q.20) Shopping malls, Krogers, and Best Buy are examples of a (BLANK) business.

1. 1
A successful entrepreneur is willing to work until a job is done. Which of these terms describe this characteristic?

o o o o

self-confident enthusiastic persisitent restless

2. 2
entrepreneurs must understand how the economy works. What skill does this describe?
o o o o

basic business skills decision-making skills technical skills math skills

3. 3
The success or failure of an entrepreneurial venture rest entirely on the
o o o o

customer investor owner spouse

4. 4
Being an entrepreneur involves risks as well as rewards. Which of the following is a risk of being an entrepreneur?
o o o o

decision-making flexibility creativity uncertain income

5. 5
Entrepreneurs want to know as much as possible about anything that might affect their ventures. Which of these terms describe this characteristics?
o o o o

creative inquisitive persistent responsible

6. 6
Business ownership carries with it a certain amount of
o o o o

services feedback habits prestige

7. 7
Entrepreneurs want to set their own agendas and schedules. Which word best describes this characteristic?
o o o o

goal-oriented independent enthusiastic action-oriented

8. 8
Which of the following is a contribution that a business owner makes to the community?
o o o o

personal satisfaction service generates jobs competitions

9.
Which of the following is most true for you?
o o o

I have a child/children. I would like to earn cash for sharing my opinion. None of the above.

His was a story of rags to riches. He was the founder of the first Indian company that featured in the Forbes 500 list. The company was Reliance. The man was ___________ _____________.
Ghanshyamdas Birla Dhirubhai Ambani

Narayana Murthy None of the above

Correct!
Dhirubhai Ambani (1932-2002) was a pioneer of industry in India. He set up Reliance India Limited which grew to become the largest private sector company in India. His is a story from rags to riches. Born in a village in Gujarat, his father was a school teacher. He worked in Yemen in petrol stations for a few years before returning back to India to start his own business in 1958. In 1992, Reliance achieved yet another milestone - the first Indian company to raise capital in global markets. 62.5% of people have also answered correctly.

#2 Before becoming a successful businessman, he became the first pilot of India. He went on to set up Air India International, India's first international airline. The township that he built for his employees was selected as a UN Global Compact City.
Dhirubhai Ambani JRD Tata Ratan Tata None of the above

Correct!
JRD Tata was a visionary of his time. He was made chairman of Tata & Sons in 1938, at the age of 34 - a position he held for 50 years. He started with 14 enterprises and built up the group to 95 enterprises before he retired as chairman. He was also awarded the Bharat Ratna , India's highest civilian award, for all his achievements. 57.5% of people have also answered correctly.

#3 A graduate of management from the Massachusetts Institute of Technology, this man took the family business of locks and vegetable-based soaps to unbelievable heights.
Jamshedji Tata Dhirubhai Ambani Adi Godrej None of the above

Correct!
The Godrej group was one of the first whose indigenously manufactured products displaced many entrenched foreign brands in the Indian market. To this day, Adi Godrej is also a great supporter of the World Wildlife Fund. 47.5% of people have also answered correctly.

#4 While studying in Stanford, this young man was called back to handle the family business after his father's sudden death. He took the family business of oils, soaps, lighting and toiletries and made it one of the biggest software companies in India
Narayana Murthy Azim Premji Shiv Nadar None of the above

Correct!
Today, Wipro Technologies is one of the biggest software companies in India. His success story of turning a traditional family business into a high-tech software firm is stuff legends are made of. He is a big source of inspiration of Indians aspiring to be entrepreneurs. 52.5% of people have also answered correctly.

#5 A freedom fighter and consultant to Mahatma Gandhi, this great man started with cotton and jute mills and expanded into the fields of chemicals, cement, rayon etc. BITS, the famous engineering college in Pilani was founded by his company.
Ghanshyam Das Birla Dhirubhai Ambani Shiv Nadar None of the above

Correct!
Ghanshyam Das Birla was the founder of the Birla empire. Today, the Birla empire comprises sugar and paper mills, tea and textile mills and several other areas. The Birla Institute of Technology and Science (BITS) located in Pilani, the birth place of Ghanshyam Das Birla is one of the country's top most engineering colleges. 45% of people have also answered correctly.

#6 He is aptly called the father of the hotel industry of India. Slowly acquiring hotels across India in the pre-independence era, he became the first Indian to own and run a chain of hotels in India.
Adi Godrej M. S. Oberoi Ghanshyam Das Birla None of the above

Correct!
M.S. Oberoi began his career in the hotel industry in the Cecil Hotel in Shimla in 1922, as a desk clerk. He quickly learnt the ropes of the industry and became invaluable to his employer Mr. Clarkes. In 1934, when the Clarkes Hotel came up for sale, Oberoi mortgaged his wife's jewellery and bought the hotel from his mentor and employer. And so it began, and soon Oberoi owned a chain of hotels. In 1965, Oberoi set another first - he opened the first five star hotel of India, the Oberoi Intercontinental. Today the Oberoi group is an international group spanning countries other than India. M.S. Oberoi passed away in 2002 at the ripe old age of 103.

65% of people have also answered correctly.

#7 It started with the death of a patient who couldn't fly to Texas for a heart surgery. The incident moved this man enough to create Apollo Hospitals, providing world-class medical and health care right in India.
Dr. B.D. Agarwal Dr. Pratap Reddy Dr. Shams Moopen None of the above

Correct!
Dr. Pratap Reddy founded the first corporate hospital group of India, the Apollo Hospitals Group. The first Apollo Hospital was set up in Chennai, India in 1983. Since then the group has expanded all over India and is now a $100 million turnover company. Dr. Reddy has plans to expand out of India now, with Dubai opening its first Apollo Hospital in 1999. 45% of people have also answered correctly.

#8 She founded a whole range of skincare products. Married at the age of 15, she went on to establish a world-famous brand, carried by Bloomingdales, Harrods and Selfridges to name a few.
Mallika Sherawat Shahnaz Hussain Sudha Narayana Murthy None of the above

Correct!
A wife at 15, a mother at 16, Shahnaz Hussain studied cosmetology extensively in London, Paris, New York and Copenhagen. She went on to establish Shahnaz Hussain Herbals, now a $100 million dollar company. All the products in her range are free from chemicals and anything artificial.

55% of people have also answered correctly.

#9 Founder of the Kingfisher group, this man owns businesses ranging from breweries to airlines! Known for his flashy and flamboyant lifestyle, his group is now a multinational conglomerate of companies.
Vijay Merchant Vijay Mallya Vikram Gokhale None of the above

Correct!
Vijay Mallya is chairman of the United Breweries group which manufactures the Kingfisher brand of beer, among other alcoholic beverages. In 2005, Vijay Mallya established Kingfisher Airlines. 60% of people have also answered correctly.

#10 He is the CEO of HCL (Hindustan Computers Limited). At the time when IBM shut down operations in India in the 70s, HCL stepped in to fill the void. Today it is India's largest IT conglomerate.
Narayana Murthy Shiv Nadar Azim Premji None of the above

Correct!
HCL derives 80% of its income from computers and office equipment. 50% of people have also answered correctly.

http://www.proprofs.com/quizschool/quizshow.php?title=entrepreneurship&quesnum=3&showNextQ=no