Page 91 - IT 402 v2.0 class 10
P. 91

.   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 ................................ .

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