Page 102 - Web Applications (803) Class 12
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4.   Prashant works for Surabhi, who is a businesswoman. Prashant is an    .                  [NCERT]
                      a.  entrepreneur                                 b.  wage employed person
                      c.  skilled worker                               d.  businessman

                  5.   The ability to act in a situation before others do is    .                               [NCERT]
                      a.  interpersonal skills                         b.  initiative
                      c.  perseverance                                 d.  none of these

              B.  Fill in the blanks.
                  1.   To establish a successful business, an entrepreneur requires a variety of   .
                  2.                rely on funding provided by angel investors or venture capital firms.

                  3.   Entrepreneurs must be able to put their ideas into     .
                  4.   An entrepreneur consistently sets         standards.

                  5.                assists an entrepreneur in understanding a situation or problem by asking oneself questions (why,
                      what, when, and how) and studying the causes of the situation or problem.

              C.  State whether the following statements are true or false.
                  1.   Entrepreneurship is a social activity.
                  2.   Startups receive advice and mentoring from an expert.
                  3.   An entrepreneur may not always have a goal.

                  4.   An entrepreneur is never discouraged by failures.
                  5.   The entrepreneur is responsible for managing the staff, materials, finances, and organising
                      the production of goods and services.

                                                SECTION B (Subjective Type Questions)

              A.  Answer the following questions:
                  1.   Why is it critical for an entrepreneur to have a positive attitude towards his business?
                  2.   What is problem-solving? Why should an entrepreneur possess this skill?
                  3.   List any two values that an entrepreneur should have to achieve success.

                  4.   What is meant by ‘goal-setting’?
                  5.   Differentiate between entrepreneurs in technology and in entrepreneurs information technology.
                  6.   Differentiate between a wage employee and an entrepreneur using examples.

                  7.   What do you understand by a startup?
                  8.   What challenges and risks one might have to take up as an entrepreneur?
                  9.   Write a note on women entrepreneurs.
              B.  Competency-based/Application-based questions:

                 Payal lives in small flat in a small town. She has to travel 2 hours by bus if she wants to go to the market. One evening she
                 realizes that she has no flour in her house. She worries that she can no longer make chappatis. However, she sees a business
                 opportunity here. She starts the business of providing door to door grocery items to women in her locality. Initially, she finds it
                 difficult as she has no prior business experience but she preservers. Identify the entrepreneurial competency shown by Payal.








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