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    Unsolved Exercise

                 Objective Type Questions (Section A)

            A.  Tick ( ) the correct option.
                1.               entrepreneurs are those who focus on generating solutions that benefit the society.
                  a.  Social                                         b.  Women
                  c.  IT                                             d.  Professional

                2.  Startups rely on           provided by angel investors or venture capital firms.
                  a.  furniture                                      b.  funding
                  c.  support                                        d.  capital

                3.  To become an entrepreneur, one must have vision,       , and innovativeness.
                  a.  originality                                    b.  resourcefulness
                  c.  ingenuity                                      d.  creativity

                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.  creative

            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.

                 Standard Questions (Section B)

            A.  Short answer type 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?

              100   Touchpad Data Science-XII

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