Page 91 - IT 402 v2.0 class 10
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. he purpose of all good small business strategy is ................................ .
i. to increase profitability ii. to increase turnover
iii. to achieve stated ob ectives iv. to achieve competitive advantage
. Susheela decides to sell her company tyres in Sri anka. he tyres not sold and she has a loss. She apologises to
the people who work for her. She says that she will plan better next time. She ................................ . N
i. takes responsibility for her mistakes ii. thinks before making a decision
iii. does not give up iv. is creative
. o provide financial assistance to entrepreneurs the government has set up a number of ................................ .
i. financial advisors ii. financial intermediaries
iii. financial institutions iv. industrial estates
5. hat does new business venture creation include
i. aunching a company ii. uying a business
iii. aking a franchise iv. ll of these
. ntrepreneurs are ................................ .
i. hard working ii. deceptive
iii. born special iv. None of these
. o be a good entrepreneur one must be ................................ .
i. goal-oriented ii. technology-driven
iii. rich iv. smart
. hich of the following cannot be an entrepreneur
i. rtist ii. ducator
iii. usinessman iv. None of these
. ntrepreneurship has a crucial role in the ................................ of the society.
i. evolution ii. planning
iii. functioning iv. None of these
. From the following statements which one is not correct about the ualities of an entrepreneur.
S Sample aper
i. Successful entrepreneurs adapt the habit of hard work from a very early stage.
ii. ntrepreneur should not think optimistically about the future of the business.
iii. onfident entrepreneur must not deviate from his her decisions too early in case success is delayed.
iv. ntrepreneurs like to function at their own will and rules.
. From the following statements which one is not the positive impact of ntrepreneurship on society:
S Sample aper
i. Stimulates Innovation and ciency
ii. reates obs and mployment Opportunities
iii. Solves the problems of the society
iv. iscourages welfare of the society
B. Fill in the blanks.
. ntrepreneurship contributes to the finance sector on a national scale for the government in the form
of ................................ which is then redistributed in the society for different services of the nation.
. he most common type of business found in India is ................................ .
Entrepreneurship 89

