Page 104 - Computer - 10(A&B)

3. One of the functions of entrepreneurship is ________________.

exhibition installation
innovation none of these

4. Entrepreneurship allows the freedom to try out new ________________.

ideas shoes
jackets none of these
5. Entrepreneurship plays an important role in ________________ aspect.

creating jobs fulfiling need of consumers

increasing GDP of a country all of these
6. What is the disadvantage of being an entrepreneur?

Excitement Independence
Uncertain Income Ambition

7. Entrepreneurship is essential to the ________________ of society.
development planning

functioning advancement
8. The two key personality traits shared by successful entrepreneurs are____________ and ____________.

optimism, uncertainty perception, intuition
motivation, distrust resilience, adaptability

B. 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.

C. Very short answer type questions.

1. What is entrepreneurship?
2. Who is an entrepreneur?
3. Write two roles that entrepreneurs play in any economy.
4. Why is a business established in a society?
5. What do you understand by community development?

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