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2.  What type of a business is a restaurant that offers services in the form of a dining experience and food served as the
                    product?
                    a. Hybrid                                          b. Manufacturing
                    c. Service                                         d. Both b and c
                  3.  A Toy Shop is a type of         business.
                    a. Merchandise                                     b. Manufacturing
                    c. Service                                         d. Hybrid
                  4.  An entrepreneur stays focused on to the solutions rather than problems even when he/she takes a big risk. What quality
                    is highlighted here?
                    a. Patience                                        b. Positivity
                    c. Confidence                                      d. Hardworking

              B.  Fill in the blanks.

                  1.  Entrepreneur follows           procedures.
                  2.  Selling an ice cream is a        business.
                  3.               solutions provides eco-friendly cleaning services to residential and commercial clients.
                  4.  The              and              of a service can be different at different times.
                  5.               helps you to bring your business straight to potential customers.
              C.   One word answers.

                  1.  Name the business in which production of goods is done.
                  2.  Pizza food chain is which category of business?
                  3.  Name the person who does something innovative in a business.
                  4.   Name the person who starts a business.


              D.   State whether these statements are true or false.
                  1.   Business is an economic activity.
                  2.   Manufacturing is a consulting business.
                  3.   Sales people are unskilled labourers.
                  4.   Main objective of a business is to survive and earn profits.
                  5.   Entrepreneurs improve the standard of living.
                  6.   An entrepreneur should have strong leadership qualities.

                  7.   There are no fixed hours of working for an entrepreneur.
                  8.   Entrepreneurs are in the control of market forces and cannot decide what kind of work they should do?
                  9.   Entrepreneurs decide incentives of the employee.
                10.   The economy suffers due to entrepreneurs as they are inclined towards profits only.

                                                SECTION B (Subjective Type Questions)

              A.   Short answer type questions.
                  1.   Who is a businessman? Give a few examples.

                  2.  What do you mean by "Feedback in the Long Run"?
                  3.  Why is patience crucial for an entrepreneur?
                  4.   Differentiate between an entrepreneurship and an enterprise.
                  5.  What do you understand by the term wage employment?
                  6.  What do you think is the biggest challenge of an entrepreneur?


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