Page 90 - IT 402 v2.0 class 10
P. 90
. efine the term manufacturing business.
ns. Manufacturing business buys raw material with the intention of using them as ingredients in the making of a
new product. It combines raw material and labour in its production. he manufactured goods will then be sold to
customers. ardware making furniture making etc. are some examples.
. ive any one uality of a successful entrepreneur. S Sample aper
ns. hey are confident.
. Name the term used for a false belief or opinion about something. S Sample aper
ns. Myth
. xplain any two functions of an entrepreneur. S Sample aper
ns. ny two functions of an entrepreneur are:
a. making decisions
b. Managing the business
. hat are the myths about entrepreneurship xplain any two. S Sample aper
ns. he myths about entrepreneurship are:
. ntrepreneurs are high risk takers.
They are neither high nor low risk takers. hey always prefer situations which lead to generating profits.
. ntrepreneurs become rich as they start a new business.
Starting a business does not mean that person will become rich overnight. new business always needs a span
of year or two to become successful.
. ntrepreneurs are ob hoppers.
They are not ob hoppers. hey are the ones who create ob opportunities for the people. They work for many
years and gain experience before starting any new venture.
. ntrepreneurs have limited dedication.
Dedication is the key to success. n entrepreneur can never be successful unless he is dedicated towards his work.
. Mention any two misconceptions about the entrepreneurship. S Sample aper
ns. Misconception : he misconception is that every business idea needs to be uni ue or special.
Misconception 2: The misconception we have is that a person needs a lot of money to start a business.
B. Application based question:
n aunt in your neighbourhood has opened her own bouti ue. ist down some challenges which she faces as being
an entrepreneur.
ns. She should be taking responsibility for each action and plan for a loss or mishap that may occur in the future due
to unforeseen situations.
Unsolved Exercise
Section A
(Objective Type Questions)
A. Multiple choice questions:
. avi s customer comes to his store and starts shouting at him. e does not get angry. e listens to what his
customer is saying. e is ................................ . N
i. hardworking ii. confident
iii. patient iv. prying new ideas
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