Page 102 - Ai Book - 10

6. What entrepreneurial function involves identifying new opportunities and prospects?
a. Decision making b. Technology transfer

c. Identifying opportunities and prospects d. Wealth creation
7. What is a common myth about entrepreneurship?

a. Money comes without effort b. Entrepreneurs work independently
c. Expertise is essential for success d. Starting a business is easy

8. Why is community development important for entrepreneurship?
a. It discourages entrepreneurship

b. It provides a pool of educated and skilled workers
c. It limits infrastructure development

d. It hinders regional growth

Answers
1. (b) 2. (b) 3. (c) 4. (b) 6. (c)

7. (c) 8. (a)

B. Fill in the blanks.
1. Entrepreneurs play a key role in _______________ by bringing new ideas, goods, and services to the
market.

2. Successful entrepreneurs exhibit qualities such as discipline, confidence, flexibility, and _______________.
3. Entrepreneurship involves discovering opportunities, mobilizing resources, and launching an enterprise
to use the _______________.

4. Entrepreneurs create jobs by hiring more people as their businesses _______________.
5. __________ fosters autonomy and encourages individuals to think differently.
6. _________ contribute to regional development by locating businesses in less developed areas, leading
to infrastructure improvements.

7. The primary disadvantage of entrepreneurship is the considerable _______________ involved, as failure
can wipe away personal savings.
8. Entrepreneurship provides adventure and excitement, making it a career filled with _______________.
Answers

1. economic growth 2. determination 3. opportunity 4. grow
5. Entrepreneurship 6. Entrepreneurs 7. risk 8. excitement

C. Very short answer types question.
1. What is the main role of an entrepreneur?
Ans. He/she creates and runs a small business, taking on risks and rewards.

2. How does entrepreneurship contribute to economic growth?
Ans. By bringing new ideas and products to the market.

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