Question 1 Medium Level 48
What may happen if an entrepreneur continuously rejects customer complaints? A Trust and sales may decrease B Goodwill will definitely increase C Quality will improve automatically D Customers will always remain satisfied
Correct answer: A Ignoring complaints loses improvement opportunities. In exams, treat complaints as feedback.
View question details Question 2 Medium Level 48
Which option shows an entrepreneur's time management ability? A Preparing a schedule for orders production and delivery B Leaving every task for tomorrow C Forgetting deadlines D Making customers wait
Correct answer: A A schedule keeps business operations organised. In exams, connect time management with customer service.
View question details Question 3 Medium Level 48
What should an entrepreneur learn from competitors? A Market expectations and improvement opportunities B Cheating customers C Reducing quality D Leaving business
Correct answer: A Studying competition helps in strategy and improvement. In exams, treat competition as a source of learning.
View question details Question 4 Medium Level 48
Which quality helps an entrepreneur turn a customer problem into a business opportunity? A Problem-solving outlook B Hiding problems C Distance from customers D Resource wastage
Correct answer: A An entrepreneur sees useful solution and opportunity in a problem. In exams, connect problem with opportunity.
View question details Question 5 Medium Level 48
Why is division of work useful in entrepreneurship? A To complete work systematically and on time B To hide responsibility C To confuse the team D To stop production
Correct answer: A Division of work clarifies responsibility and time management. In exams, treat team management as an entrepreneurial trait.
View question details Question 6 Medium Level 48
When is self-confidence useful for an entrepreneur? A When they work on their idea with planning B When they never listen to advice C When they invest without information D When they never accept mistakes
Correct answer: A Self-confidence with planning can make initiative successful. In exams, separate confidence from arrogance.
View question details Question 7 Medium Level 48
In which situation is entrepreneurship directly linked with livelihood? A A person uses skill to start regular income work B A person stays away from work C A person leaves opportunity D A person never meets customers
Correct answer: A Entrepreneurship can convert skill into an income source. In exams, connect livelihood with self-reliance.
View question details Question 8 Medium Level 48
If an entrepreneur reviews a failed plan, which quality is shown? A Learning and improvement attitude B Escape from responsibility C Discouragement D Customer neglect
Correct answer: A Reviewing a failed plan shows that an entrepreneur wants to identify mistakes, learn from them, and make better decisions in the future. Therefore, the correct answer is a learning and improvement attitude. Escaping responsibility would mean avoiding the problem rather than reviewing it. Exam tip: In entrepreneurship, analysing failure, learning, and improving are positive qualities.
View question details Question 9 Medium Level 48
What balance is necessary while pricing in entrepreneurship? A Cost customer capacity and fair profit B Only desired price C Ignoring customer D Not calculating cost
Correct answer: A Correct pricing considers both cost and customer. In exams, treat pricing as a balanced decision.
View question details Question 10 Medium Level 48
Which option shows positive social impact of an entrepreneur? A Providing employment and useful service to local people B Selling wrong products C Harming customers D Spreading waste
Correct answer: A Entrepreneurship can provide both employment and service in society. In exams, identify social impact.
View question details Question 11 Medium Level 48
Which characteristic helps an entrepreneur move ahead with changing technology? A Willingness to learn and adaptability B Fear of technology C Avoiding training D Sticking to old method
Correct answer: A Learning new technology connects business with current needs. In exams, link technology change with learning.
View question details Question 12 Medium Level 48
Why is brand image important for an entrepreneur? A It helps build customer trust and identity B It removes quality C It stops service D It reduces customers
Correct answer: A A good image gives identity and trust to a business. In exams, connect brand with reputation.
View question details Question 13 Medium Level 48
In which situation has an entrepreneur shown resourcefulness? A Making and selling useful bags from leftover cloth B Throwing materials away C Spending money without planning D Stopping work
Correct answer: A Creating new value from leftover resources is resourcefulness. In exams, identify value creation by reducing wastage.
View question details Question 14 Medium Level 48
Why is maintaining contact after service useful in entrepreneurship? A For feedback and possibility of repeat purchase B To disturb customers C To hide service D To close business
Correct answer: A After-service contact strengthens customer relationship. In exams, connect after-service with long-term success.
View question details Question 15 Medium Level 48
Which option clearly shows an entrepreneur's ethical responsibility? A Maintaining quality and giving correct information B Hiding adulteration C Giving false advertisement D Selling harmful product
Correct answer: A An ethical entrepreneur cares for customer safety and correct information. In exams, connect ethics with customer protection.
View question details Question 16 Medium Level 48
If an entrepreneur reinvests some income into business improvement, this is an example of what? A Growth-oriented thinking B Carelessness C Escape from business D Hiding resources
Correct answer: A Reinvestment in business helps improvement and expansion. In exams, connect use of income with growth.
View question details Question 17 Medium Level 48
In which situation is an entrepreneur's self-evaluation shown? A Reviewing product sales quality and customer opinion B Only blaming others C Hiding mistakes D Keeping no records
Correct answer: A Self-evaluation understands the real situation for improvement. In exams, connect review with improvement.
View question details Question 18 Medium Level 48
Which group correctly shows the characteristics of entrepreneurship? A Opportunity recognition planning innovation risk management and responsibility B Fear delay confusion and passivity C Copying disorder and customer neglect D Only profit and no service
Correct answer: A Entrepreneurship is linked with active planning and responsible risk. In exams, identify the group of positive qualities.
View question details Question 19 Medium Level 48
What is the most balanced essence of entrepreneurship? A Identifying opportunity organising resources and creating value and livelihood B Wanting only profit without responsibility C Ignoring customer need D Taking risk without planning
Correct answer: A Entrepreneurship combines opportunity resources value and responsibility. In exams, remember the definition broadly.
View question details Question 20 Medium Level 48
If an entrepreneur gradually increases production after small-scale success, what wisdom does this show? A Planned expansion and risk control B Large investment without thinking C Ignoring customer feedback D Escaping from business
Correct answer: A Gradual expansion keeps risk controlled and confirms demand. In exams, connect expansion with planning and market feedback.
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