Page 88 - IT 402 v2.0 class 10
P. 88

.  Innovation can best be defined as ................................ .

              i.  the generation of new ideas                   ii.  the evolution of new ideas
              iii. the opposite of creativity                   iv. the successful exploitation of new ideas

            ns.   . iii     . iv      . iv     . ii    5. ii     . iv     . iv     . iv     . i       . iv

        B.  Fill in the blanks.

            .   he aim of an entrepreneur is to establish an ........................... and the process of doing it is .......................... .
             .  Most of the successful entrepreneurs are ........................... .
             .  ........................... institutions often provide the startup capital.

             .    ........................... is an agreement between a small business owner and the parent company.

            5.   ardware making  furniture making  etc.  are a few examples of ........................... business.

           ns.   . enterprise  entrepreneurship       . philanthropists         . Micro-financial
                 . franchise                         5. Manufacturing


        C.  State whether the following statements are true or false:                                     N
             .   ntrepreneurs can create  obs in the market.

             .   hen many entrepreneurs sell mobile phones in a market  the prices of phones increase.
             .   ntrepreneurs identify a need in the market and build a product or service for it.


            ns.   .  rue    . False    .  rue

                                                         Section B
                                                (Subjective Type Questions)

        A.  Answer the following questions:
             .   hen is entrepreneurship successful
          ns.    ntrepreneurship is successful when the entrepreneur is creative  innovative  and he she uses the resources that
              are available locally in the society or the country.  n entrepreneur combines various factors in a creative way in
              order to generate products as per the needs of customers. It creates wealth for the self and growth for the society
              as the society  develops with better facilities and citi ens are able to accomplish more.
             .   ow does entrepreneurship play an important role in the life cycle of society
          ns.    ntrepreneurship and entrepreneurs play a prominent role in life cycle of society as they don t only think about
              self-employability but also provide  ob opportunities for others.
              They accelerate the economic growth of the society by enabling wealth creation for themselves as well as the
              people who are employed in the enterprise.  ntrepreneurship contributes to finance on national scale in the form
              of taxation.  ntrepreneurs identify the needs of the people and society and come up with products and services
              to cater to them.
             .   ist the  ualities of an entrepreneur.
          ns.   he following are the  ualities of an entrepreneur:
                 hey are very clear with their targets.

                 hey work hard from the beginning and work extra hours to achieve targets.




          86       Touchpad Information Technology-X
   83   84   85   86   87   88   89   90   91   92   93