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18 Questions

3 Views

Role of an Entrepreneur in Business

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Questions and Answers

Which characteristic is exemplified by Ravi in the text?

Prying new ideas

Hardworking

Patient (correct)

Confident

What did Susheela do when her decision didn't work out?

Thinks before making a decision

Does not give up

Takes responsibility for your mistakes (correct)

Is creative

What is the primary reason why an entrepreneur is always trying new things according to the text?

Avoid getting bored

Experiment with technology

Increase importance and income (correct)

Meet new people

In the text, what is a common risk an entrepreneur takes?

Risk of theft or fire Signup and view all the answers

What aspect of creating new methods, ideas, or products does the text emphasize?

Increasing importance and income Signup and view all the answers

Why does an entrepreneur divide business money to many groups according to the text?

To share profits and risks Signup and view all the answers

What is a common misconception addressed in the text?

Entrepreneurs always need a lot of capital to start a business. Signup and view all the answers

What was highlighted as important for starting a business in the text?

Innovative product ideas Signup and view all the answers

How did the text suggest entrepreneurs can make their businesses bigger?

By investing profits back into the business Signup and view all the answers

What is the purpose of the 'Talking to Entrepreneurs: Interview Procedure' activity mentioned in the text?

To enable students to learn about successful entrepreneurs in the area Signup and view all the answers

What does the text suggest about the relationship between money invested and business success?

The amount of money invested does not guarantee business success. Signup and view all the answers

Based on the text, what is emphasized as a key factor for entrepreneurial success?

Innovative ideas and new methods Signup and view all the answers

What is the main message conveyed in the text?

Trying is essential to knowing if you want to be an entrepreneur Signup and view all the answers

What is the purpose of writing down business ideas in the text?

To select a business idea to try out Signup and view all the answers

Why does the text suggest taking up a new problem or identifying a new business idea?

To explore creativity and innovation Signup and view all the answers

What is the significance of using the qualities identified within oneself in Session 2?

To leverage personal strengths for running a business Signup and view all the answers

From the given options, which one represents self-employment?

Having a dosa selling stall Signup and view all the answers

How does the text promote experimentation and learning in entrepreneurship?

By emphasizing on trying to know if one wants to be an entrepreneur Signup and view all the answers