Page 107 - Ai Book - 10

C. State ‘T’ for True or ‘F’ for False statements.

1. Entrepreneurs work as employees in established businesses.
2. Entrepreneurs take on both the risks and rewards of their ventures.

3. Innovation is not a significant aspect of entrepreneurship.

4. Entrepreneurs play a minor role in the economy.
5. Wealth creation is not a goal of entrepreneurship.

6. Successful entrepreneurs do not need qualities such as discipline and determination.

7. Entrepreneurs do not need to be competitive in the market.
8. Entrepreneurs are not involved in decision-making for their ventures.

D. Very short answer type question.

1. What are the different ideas entrepreneurs add?
2. What do entrepreneurs do when they identify a need in the market?

3. ‘ The only thing that inspires employees is money.’ Is this a myth or the truth?
4. Why is it important for an entrepreneur to be flexible?

5. Write any one disadvantage of entrepreneurship as a career.
E. Short answer type question.

1. What is entrepreneurship?

2. Write two rules that entrepreneurs play in any economy.
3. Why is a business established by community development?
4. Why is a business established in a society?

5. Why do entrepreneurs take initiative?
6. What do you understand by technology transfer?

7. What are the managerial roles performed by entrepreneurs?
8. Write two functions of a successful entrepreneur.

F. Long answer type of question.

1. Write qualities of an entrepreneur in detail.
2. Discuss the importance of entrepreneurship.

3. What is the role of an entrepreneur? Explain with examples.
4. ‘Entrepreneurs are job creators rather than job seekers’, how you will explain this statement?

5. How can entrepreneurship contribute to the growth and generation of wealth in a particular region?
6. You shouldn’t spend lavishly while starting a firm. Give a justification to this statement.
7. Entrepreneurs are thought to be “high risk-takers.” Do you think this is a myth?

8. Outline the key functions of an entrepreneur, focusing on tasks such as innovation, risk-taking, and
resource management. Provide examples for each function.

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