A) Entrepreneur: D) All The Above
A) Entrepreneur: D) All The Above
A) Entrepreneur: D) All The Above
Q1. A person who recognizes an opportunity and organizes and manages a business, assuming the risk
for the sake of potential return..
Q2. Intangible work that provides time, skills, or expertise in exchange for money
Q3. An individual who starts, creates and manages a new business can be called___________.
Q4. Good sources of information for an entrepreneur about competitors can be obtained
from_________.
a) Websites.
a) money.
b) personal values.
c) pull influences.
a) Skill at organizing.
b) Desire for immediate feedback.
c) High energy levels.
d) All of the above.
Q10. Entrepreneurs who repeatedly start businesses and grow to a sustainable size before
Striking out again are known as ______ entrepreneurs.
a) Opportunistic
b) Persistent
c) Serial
d) None of the above.
Q11. Surveys show that owners of small businesses believe that they ________________ than
if they worked for a large company.
a) Work harder
b) earn more money
c) are happier
d) All of the above.
Q12. What is the most common reason given for why people choose to become entrepreneurs?
Q13. All of the following are characteristics shared by successful entrepreneurs EXCEPT:
a) Passion.
b) Risk averse
c) Product/customer focus.
d) Tenacity despite failure.
Q16. ………………. is an individual who creates a new business, bearing most of the risks and enjoying
most of the rewards.
Q 17. “Entrepreneur as an individual who form an organization for commercial purpose –who is
capitalist” this definition given by……
Q 18. “Entrepreneur as an individual who carries out new combines of means of production by which
there occurs disequilibrium.”
a) Creation of Employment
b) Innovation
c) Support research and development
d) All of the above
Q22. The term ………..refers to a system that allows an employee to act like an entrepreneur
within a company or other organization.
a) Manager
b) Entrepreneur
c) Intrapreneur
d) None of these
Q23. Characteristics of Intrapreneur are…………..
d) Risk-taking
a) Male
b) Female
c) Both
d) None of the above
Q 25. ………….. an innovative entrepreneur is one who launches new products ,discovered new
market setup new business ,establish new method of production and restructures the
enterprises .they are aggressive in nature.
a) Innovative Entrepreneur
b) Fabian Entrepreneur
c) Adoptive Entrepreneur
d) None of the above
Q26. They are characterized by refusal to adopt any change in production, technology or
market. They seldom survive long.
a) Drone Entrepreneur
b) Innovative Entrepreneur
c) Adoptive Entrepreneur
d) None of the above
Q27. ……..such an entrepreneur does not initiate expansion and in content just staying in
business.
a) Prime Mover
b) Manager
c) Minor innovator
d) None of the above
Q 28. …………..an entrepreneur who runs such a business actually produces the product that
can be sold using resources and supplies.
a) Manufacturing:
b) Wholesaling:
c) Service:
d) None of the above
a) Manufacturing:
b) Wholesaling:
c) Service:
d) None of the above
Entrepreneurship Development Assessment -1
a) Germination
b) Preparation
c) Incubation
d) All of the above
a) Clear perception
b) Leadership qualities
c) both
d) none of the above
a) averse
b) Rewarders.
c) Managers.
d) Loving.
Q34. Which of the following personality characteristics are included in the "Big Five?"
a) Introversion
b) Close-mindedness
c) Being disagreeable
d) Extraversion and conscientiousness
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