Page 134 - Ai_417_V3.0_C9_Flipbook
P. 134

Exercise




                                                       Solved Questions


                                                SECTION A (Objective Type Questions)
                    uiz

              A.  Tick ( ) the correct option.
                  1.  In business, which of the following, along with the profits, is equally important?
                    a.  Family trips                                   b.  Child education
                    c.  Old parents' medicine                          d.  Customer Satisfaction
                  2.  Which  of  the  following  business  type  uses  raw  material,  labour,  technology,  capital  and  other  resources  for  the
                    production of finished goods?
                    a.  Manufacturing                                  b.  Service
                    c.  Merchandise                                    d.  All of these

                  3.  In which of the following business, service cannot be stored in warehouses or boxes?
                    a.  Manufacturer                                   b.  Service
                    c.  Merchandise                                    d.  Trading
                  4.  Product business is of two types, one is manufacturing and other involves only buying and selling the product at a
                    slightly higher price. What is the second type?
                    a.  Hybrid                                         b.  Service
                    c.  Primary                                        d.  Trading
                  5.  The word “entrepreneur” is derived from the ................................ .
                    a.  French verb                                    b.  Latin verb

                    c.  Sanskrit verb                                  d.  Arabic verb
                  6.  What is the output of the innovative process of setting up a business called?
                    a.  Project                                        b.  Business
                    c.  Enterprise                                     d.  Work

                  7.  What  is  the  process  of  enhancing  knowledge  and  improving  skills  of  an  entrepreneur  through  structured
                    training and classroom programmes called?
                    a.  Entrepreneur                                   b.  Entrepreneurship

                    c.  Business                                       d.  Entrepreneurship Development
                  8.  Which of the following is/are characteristic(s) of an entrepreneur?
                    a.  Risk Taking Ability                            b.  Hard working
                    c.  Good communication skills                      d.  All of these


              B.  Fill in the blanks.
                  1.  A ……….……................ is a state of being busy as an individual or as an organisation in a profit earning economic activity.
                  2.  ……….……................ businesses provide service by skilled professionals and experts.
                  3.  Employees receive a regular and predictable income in the form of ……….……................ .
                  4.  It is important to take ……….……................ from the customers in the long run.
                  5.  Planning and finalising a business idea is the ……….……................ step of starting a business.


                    132     Touchpad Artificial Intelligence (Ver. 3.0)-IX
   129   130   131   132   133   134   135   136   137   138   139