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2.   Riya’s handmade jewellery gained attention for its craftsmanship and originality, leading to her first order. She
                       expanded her product line to include customised jewellery for special occasions. What stage of entrepreneurship
                       is Riya in now?
                       i.  Recognising opportunity                          ii.  Start of a business
                       iii. Growing the business                            iv.  Market research
                    3.  Which of the following is NOT a common challenge for entrepreneurs?
                       i.  Finding money to start the business              ii.  Competing with other companies
                       iii. Sticking to the same old ideas                  iv.  Using resources wisely
                    4.   During a business meeting, Ananya presents her new product idea with great enthusiasm and confidence, even
                       though it’s a risky venture. Which quality is she demonstrating?
                       i.  Positivity                                       ii.  Openness to trial and error
                       iii. Hard work                                       iv.  Confidence
                    5.   Ankur’s  business  consistently  receives  negative  reviews  due  to  long  wait  times,  poor  communication,  and
                       unhelpful staff. What is most likely contributing to the failure of the business?
                       i.  Poor Financial Management                        ii.  Legal and Compliance Issues
                       iii. Poor Customer Service                           iv.  Inadequate Planning
                    6.   Meera is employed as a full-time teacher in a public school. She works fixed hours, gets a steady paycheck, and
                       has job security with retirement benefits. Which benefit of wage employment is Meera enjoying?
                       i.  Autonomy and Control                             ii.  Guaranteed financial rewards from high risk
                       iii. Job Security and Stability                      iv.  Freedom to make business decisions
                    7.  What is the minimum number of members required to make a public company?
                       i.  Seven                  ii.  Eight                iii.  Five                iv.  Six
                    8.   What type of firm has a limited life span and must be dissolved when any one of the partners dies or claims
                       bankruptcy?
                       i.  Limited Liability Partnership                    ii.  Cooperative Business
                       iii. Partnership                                     iv.  Limited Company
                    9.   Jyoti wants to start a bakery but doesn’t know where to begin. After researching successful bakers, she learns
                       about the importance of having a clear plan and how to market her products effectively. What is Jyoti learning
                       from studying successful entrepreneurs?
                       i.  How to avoid risks?                              ii.  The importance of planning and marketing
                       iii. How to start a business without investing any money?   iv.  How to avoid failure at all costs?
                   10.  How can customer feedback improve your business?
                       i.  By allowing you to expand quickly                ii.  By identifying areas for product refinement
                       iii. By reducing the need for investment             iv.  By focusing solely on profits
                 B.  State whether the following statements are true or false:
                    1.  An enterprise is an organised effort to create or provide something valuable.            ...................
                    2.  Successful entrepreneurship is just about profits.                                       ...................
                    3.  Entrepreneurs are open to trying new ideas and learning from mistakes.                   ...................
                    4.  Entrepreneurs avoid creativity and stick only to traditional methods.                    ...................
                    5.  Profit is the money left after all costs and expenses are covered.                       ...................
                    6.  Entrepreneurs manage finances well to keep their business run smoothly.                  ...................
                    7.  Entrepreneurs are responsible for finding clients.                                       ...................
                    8.  The company employee has a steady job with fixed responsibilities and income.            ...................
                    9.  Services generally can be returned or refunded once they are delivered.                  ...................
                   10.  The quality and quantity of products are generally consistent each time they are produced.   ...................






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