Sunday, August 31, 2025
Tuesday, August 26, 2025
Answer: Entrepreneur
Answer: Entrepreneurship
3. _________ is a program mean to develop entrepreural abilities among the people.
Answer: EDP
4. The entrepreneurs contribute a great deal to the _________.
Answer: GDP
5. as an entrepreneur your ________ is directly related to your efforts and the success of your business.
Answer: Income
B. Write T for true and F for false:
1. Entrepreneurship refers to a person working for in an organisation on a monthly salary.
Answer: F
2. Entrepreneur should have a broad vision about the business.
Answer: T
3. People and their skill sets are different and develop over time.
Answer: T
4. Entrepreneurship offers guarantees with regards to a regular pay check especially when the business is at its formative stage.
Answer: F
5. Entrepreneurs are their own bosses and work towards achieving profits by satisfying the need of the economy.
Answer: T
C. Choose the correct answer:
1. Which of the following is not a quality of an entrepreneur?
a. Hard working b. Risk taker c. Innovative d. Creative e. Lethargic
f. Proactive g. Visionary h. Timid i. Well-informed j. Open minded
Answer: Lethargic, Timid
2. Identify the option that describes the importance of entrepreneurship.
a. Creation of job opportunities b. Spawns entrepreneurship
c. Impact on community development d. All of these
Answer: All of these
3. Identify which is not the function of entrepreneurship.
a. Planning b. Organizing c. Weak networking d. Decision making e. Risk bearing f. Innovation g. Strong customer relations
Answer: Weak networking
4. Who undertakes a venture with considerable profit and involving some amount of risk?
a. Entrepreneur b. Worker of daily wages c. Worker on monthly salary wages d. None of these
Answer: Entrepreneur
5. Which of the following is an example of entrepreneurship?
a. Learning to be astronaut b. Starting a new business c. Working for a multinational company d. Working as a therapist.
Answer: Starting a new business