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3.  A ............................... is someone who works for a person or organisation.
                  4.  A/An ............................... consistently sets high standards and seeks to achieve excellence by working hard and
                    being innovative.

                  5.  A person who starts at the age of 50 without any entrepreneurship history is a ............................... entrepreneur.


                Ans.  1. startup   2. feasibility study   3. wage employee     4. entrepreneur       5. first-generation


              C.  State whether the following statements are true or false:

                  1.  An entrepreneur can never have the ability to overcome any obstacle.                    ....................

                  2.  Self-motivated people always have high spirits and are full of positivity.              ....................

                  3.  An entrepreneur must plan and work carefully to achieve long-term objectives.           ....................
                  4.  Entrepreneurs have difficulty putting their ideas into action.                          ....................

                  5.  The Government of India's flagship initiative, ‘Startup India,’ aims to create an ecosystem for the
                    growth of startup businesses.                                                             ....................



                 Ans.  1.  False   2.  True   3. True   4. False   5. True


                                                              Section B
                                                     (Subjective Type Questions)
              A.  Short answer type questions.

                  1.  List few environmental barriers to becoming an entrepreneur.
               Ans.  The following are the most common environmental barriers:

                      Inadequate resources or raw materials
                      Inadequate skilled labour
                      Inadequate machinery and other infrastructure
                      Inadequate monetary resources on time
                  2.  Explain the term Psychologist.

               Ans.  Psychologists describe an entrepreneur as someone driven by a psychological impulse, often characterised by a
                    strong desire to achieve or attain specific goals.
                  3.  Why should an entrepreneur display ‘Perseverance’?

               Ans.  It is critical to be persistent, patient, and willing to continue even if the first battle is lost. Entrepreneurs must remain
                    focused, patient, and confident in their mission. Only by attempting different things and methodologies can a
                    solution be found.
                  4.  Who is an entrepreneur?

               Ans.  An entrepreneur is someone who seeks to address the demands of a consumer through new ideas or ways of
                    doing business while still making a profit. New ideas for adding value to a firm can take many forms, including
                    new products such as adding variation and new services such as home delivery or credit services.




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