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2. Which of the following is a myth related to entrepreneurship?
a. Need a lot of money b. Have a great idea
c. Should know everything about business d. All of these
3. Which of the following is the process of identifying opportunities in the marketplace?
a. Decision maker b. Management
c. Entrepreneurship d. None of these
4. What is the importance of an entrepreneur?
a. Creates jobs b. Brings economic growth
c. Brings welfare of the society d. All of these
5. Which of the following is an example of wage employment?
a. Factory Employees b. Retail staff
c. Office worker d. All of these
B. Fill in the blanks.
1. Entrepreneur career process includes ……….……................, ……….……................, and ……….……................ .
2. Entrepreneurs are considered as ‘Agents of ……….…….................
3. A ……….……................ is a line of work that a person takes for life.
4. ……….……................ means implementing the idea by starting a business and entering a new market.
5. ……….……................ is a driving force of our modern global economy.
C. State whether these statements are true or false.
1. Entrepreneurs can create jobs in the market. ……….……................
2. Entrepreneurship deals with environmental and social issues. ……….……................
3. Entrepreneurs do not have control over business strategies, operations, and direction. ……….……................
4. A successful entrepreneur is lethargic person. ……….……................
5. Entrepreneurs do not take risks in terms of time and money. ……….……................
SECTION B (Subjective Type Questions)
A. Short answer type questions.
1. What do you understand by the term Perseverant?
2. Who can become an entrepreneur?
3. List any three positive impacts of entrepreneurship on society.
4. List any three important myths of an entrepreneurship.
5. What is the difference between a misconception and reality? Give an example. [CBSE Handbook]
B. Long answer type questions.
1. What do entrepreneurs do when they run their business?
2. What are the different works done by an entrepreneur?
3. State 4 advantages and 4 disadvantages of being an entrepreneur.
4. Write a short note on the following:
a. Optimistic
b. Independent
5. Explain the process when one takes up entrepreneurship as a career option.
114 Touchpad Artificial Intelligence (Ver. 3.0)-X

