Question

QUESTION 1 Entrepreneur is a person who is able create and build without falling because of calculated risk True/ False

QUESTION 2 An organization is an entity with a deliberate structure which comprises of people with an intention of achieving specific objectives True /False

QUESTION 3 "An entrepreneur is an economic man who maximizes his profit by innovations such as new product new market new source of supply, new organization or new market True /False

QUESTION 4 An entrepreneur is a person who deals with uncertainty by aversing the risk True /False

QUESTION 5 "An entrepreneur is a person who organizes the factors of production such as information and labour capital and entrepreneurship True/ False

QUESTION 6 Innovative entrepreneur bears less risk than the immitative entrepreneur True/ False

QUESTION 7 Immitative entrepreneur bears more risk than the innovative entrepreneur True /False

QUESTION 8 Adaptive entreprener is an entrepreneur who immitate the innovative entrepreneur True/ False

QUESTION 9 Fabian entrepreneur is an entrepreneur who changes as required by the environment True/ False

QUESTION 10 Drone entreprener refuses to change the method of production in his traditional business True /False

QUESTION 11 Intrapreneuer is an employee of an organization but act like an entrepreneur of that organization True/ False

QUESTION 12 Technopreneur is a person who is in the business of technology True /False

QUESTION 13 Craves for learning is a trait of a student but not an entrepreneur True /False

QUESTION 14 Sustainable entrepreneur runs the bsiness while protecting the ecosystem True /False

QUESTION 15 Introverted strategy of an entrepreneur deals with the external relationship of the business True /False

QUESTION 16 Extroverted strategy of an entrepreneur deals with the compliance of legal requirements and standards required to protect the environment True /false

QUESTION 17 Conservative strategy of an entrepreneur deals with the eco-efficiency of the business True/false

QUESTION 16 Extroverted strategy of an entrepreneur deals with the compliance of legal requirements and standards required to protect the environment True /False

QUESTION 18 Visionery strategies of an entrepreneur deals with the sustainable practices with all aspects of the business True /False

QUESTION 19 Waste can be defined as a useless or profit less activity True/ False

QUESTION 20 SMMEs means Small and Medium size business organizations True /False

QUESTION 1 Every business idea is a business opportunity True/ False

QUESTION 2 A business concept which is feasible is a business opportunity True/ False

QUESTION 3 A business concept reales to a gap in the market which is to be filed by an entrepreneur True /False

QUESTION 4 An innovation which is continuous marginally destroys the previous product True /False

QUESTION 5 An innovation which is dynamically continuous substantially destroys the previous product True /False

QUESTION 6 An innovation which is discontinuous completely destroys the previous product True /False

QUESTION 7 After preparing business plan you have to prepare opportunity assessment plan True/ False

QUESTION 8 After preparing the business plan you have to prepare opportunity assessment plan True/ False

QUESTION 9 Business idea is a concept before ascertaining the feasibility as a business oportunity True/ False

QUESTION 10 Market research is to ascertain the dissatisfied wants of customers True /False

QUESTION 11 Market research is always to collect primary date for analysing market phenomena True /False

QUESTION 12 Market research may collect secondary data to ascertain the market phenomena True/ False

Answer 1

Q1
Answer is False
It is becasue althought entrepreneur takes calculated risks, it is not guranteed that it will reap benefits, it can fail also.

Q2.
Answer is False
This is because organization works towards achieving some common objective.

Q3.
Answer is TRue
Entreprenuer always tries to maximize his profits by innovations

Q4.
Answer is True
Business is full of uncertainities and entrepreneur has to face that