Page 119 - AI Ver 1.0 Class 9
P. 119

5.  Entrepreneurs have the ability to visualise what will be needed in the future and make wise decisions. This is known as
                  ……….……................ .
                  a.  Foresightedness                                b.  Innovative
                  c.  Adaptability                                   d.  Creativity

            B.  Fill in the blanks.

               1.  Ownership is difficult to transfer in ……….……................ .
               2.  Selling an ice cream is a ……….……................ business.
               3.  ……….……................ is the most common type of business we come across in our daily life.
               4.  A ……….……................ is done to earn maximum profits at minimum costs.
               5.  ……….……................ helps you to bring your business straight to potential customers.

            C.  One word answers.

               1.  Name the business owned by two or more people.                                     ……….……................
               2.  Name the business in which production of goods is done.                            ……….……................
               3.  Pizza food chain is which category of business?                                    ……….……................
               4.  What is legal responsibility of something known as?                                ……….……................
               5.  Name the person who starts a business.                                             ……….……................

            D.  Match the following:

               1.  Market Player who creates his own place in the existing market   a.  Entrepreneur
               2.  His own boss                                           b. Challenges
               3.  No personal time                                       c.  Successful Entrepreneur

               4.  good communication skills                              d. Rewards
               5.  Risk factors are high                                  e.  Businessman

            E.   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.  Selling good quality products is a social responsibility of a businessman.         ……….……................
               6.  An entrepreneur should have strong leadership qualities.                           ……….……................
               7.  There are no fixed hours of working for an entrepreneur.                           ……….……................

               8.  Running a business with people working under your command is never a big challenge.    ……….……................
               9.  A good entrepreneur does not have to know his product well.                        ……….……................
               10.  Framing the organisational hierarchy is not an important criteria for setting up an enterprise.    ……….……................

                                             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”?


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