Why should an entrepreneur give clear information about the product?
Correct answer: A
Clear information increases customer trust. Exam tip: link transparency with business ethics.
View question detailsHome Science
Entrepreneurship: definition and characteristics
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Easy · Level 47 · home-science,entrepreneurship,transparency
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- To help customers make the right decision
- To confuse customers
- To reduce trust
- To break law
Easy · Level 47 · home-science,entrepreneurship,self-employment
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- Starting own work and earning income
- Remaining unemployed always
- Complete dependence on others
- Running away from work
Easy · Level 47 · home-science,entrepreneurship,opportunity-risk
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- Risk and resources
- Only rest
- Only luck
- Only copying
Easy · Level 47 · home-science,entrepreneurship,determination
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- Determination
- Laziness
- Carelessness
- Neglect
Easy · Level 47 · home-science,entrepreneurship,customer-centred
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- Customer need
- Only own convenience
- Only competitor's name
- Reason to leave work
Easy · Level 47 · home science, entrepreneurship, business ethics, stakeholder trust, ethical conduct, business reputation
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- To maintain the trust of customers and other stakeholders and ensure proper business conduct
- To hide product defects for short-term profit
- To spread misleading information about competitors
- To reduce costs by ignoring legal and safety standards
Easy · Level 47 · home-science,entrepreneurship,characteristics
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- Initiative and risk-taking ability
- Fear of work
- Ignoring market
- Avoiding planning
Easy · Level 47 · home-science,entrepreneurship,definition
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- Identifying opportunity and starting an enterprise with resources and risk
- Only doing a job
- Running away from every problem
- Leaving work without purpose
Easy · Level 47 · home-science,entrepreneurship,learning
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- To improve according to changing market and customers
- To avoid work
- To hide resources
- To reduce customers
Easy · Level 47 · home-science,entrepreneurship,idea-testing
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- Increasing expenses without thinking
- Understanding the usefulness of the idea
- Ignoring customers
- Hiding business
Medium · Level 47 · entrepreneur,definition,opportunity
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- One who identifies opportunity and starts enterprise using resources
- One who only waits for instructions
- One who always rejects risk
- One who never meets customers
Medium · Level 47 · need identification,customer need,entrepreneurship
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- Colour of shop
- Need of customer or society
- Employee leave
- Spending without reason
Medium · Level 47 · initiative,problem solving,startup
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- Starting a small solution-based work after noticing a problem
- Waiting for others
- Leaving every opportunity
- Stopping work without reason
Medium · Level 47 · creative thinking,innovation,entrepreneur traits
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- Because it can give distinct identity to a product or service
- Because it removes planning
- Because it ignores customers
- Because it reduces responsibility
Medium · Level 47 · customer complaints,feedback,improvement
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- Reducing customers
- Understanding problem patterns for improvement
- Hiding business
- Increasing cost
Medium · Level 47 · calculated risk,market testing,entrepreneurship
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- Investing all capital without information
- Making limited quantity and checking market response
- Breaking legal rules
- Making false promise to customer
Medium · Level 47 · resourcefulness,limited resources,enterprise
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- Resourcefulness
- Laziness
- Confusion
- Discouragement
Medium · Level 47 · business plan,market,cost,income
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- Estimate of customers market cost and income
- Only name decoration
- Work without goal
- Hiding resources
Medium · Level 47 · customer orientation,packaging,service
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- Changing packaging and timing according to customer convenience
- Ignoring customer opinion
- Delaying service
- Reducing quality
Medium · Level 47 · ethics,trust,product information
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- Giving correct information about the product
- Making false claims
- Hiding adulteration
- Misleading customers
What does self-employment mean in entrepreneurship?
Correct answer: A
In self-employment, a person earns through their own enterprise. Exam tip: link self-employment with livelihood.
View question detailsAlong with opportunity, what does a successful entrepreneur consider?
Correct answer: A
To make an opportunity successful, risk and resources must be understood. Exam tip: remember these three together.
View question detailsWhich quality prevents an entrepreneur from giving up quickly?
Correct answer: A
Determination keeps an entrepreneur steady in difficulty. Exam tip: link determination with success.
View question detailsWhat does a customer-centred entrepreneur understand first?
Correct answer: A
Understanding customer need helps create the right product or service. Exam tip: treat customer need as a base of entrepreneurship.
View question detailsWhy is following ethics necessary in business?
Correct answer: A
Business ethics includes honesty, fairness, transparency, and responsibility towards customers. Following these principles builds trust among customers, employees, investors, and other stakeholders, strengthening the business’s long-term reputation. Hiding product defects may offer a short-term gain, but it violates ethics and damages customer trust. Exam tip: associate ethics in business with trust, honesty, and fair conduct.
View question detailsWhich quality is included in the characteristics of entrepreneurship?
Correct answer: A
Initiative and risk-taking are key qualities of entrepreneurship. Exam tip: remember both terms clearly.
View question detailsWhich option gives the correct definition of entrepreneurship?
Correct answer: A
Entrepreneurship is a process linked with opportunity, initiative, resources, and risk. Exam tip: remember this whole process.
View question detailsWhy is it necessary for an entrepreneur to keep learning new information?
Correct answer: A
Continuous learning keeps an entrepreneur ready for change. Exam tip: link learning with adaptability.
View question detailsHow does testing an idea on a small scale help an entrepreneur?
Correct answer: B
A small trial shows practicality before taking bigger risk. Exam tip: link small trial with risk reduction.
View question detailsWho can be called an entrepreneur?
Correct answer: A
An entrepreneur converts opportunity into work and income. In exams, identify an entrepreneur through initiative and responsibility.
View question detailsWhat should be identified first in entrepreneurship?
Correct answer: B
Identifying need helps create useful product or service. In exams, connect entrepreneurship with need identification.
View question detailsWhich option most clearly shows an entrepreneur's initiative?
Correct answer: A
Initiative means the person comes forward and starts work. In exams, treat active beginning as an entrepreneurial trait.
View question detailsWhy is creative thinking important for an entrepreneur?
Correct answer: A
Creativity can make an enterprise different in the market. In exams, connect creativity with useful novelty.
View question detailsAn entrepreneur regularly records customer complaints. What is the main benefit?
Correct answer: B
Complaint records show the direction of improvement. In exams, treat customer feedback as a tool for improvement.
View question detailsIn which situation is an entrepreneur's calculated risk-taking shown?
Correct answer: B
Small testing reduces risk and helps learning. In exams, choose calculated risk instead of blind risk.
View question detailsWhich quality helps an entrepreneur work with limited resources?
Correct answer: A
Resourcefulness helps get better results from limited means. In exams, treat limited resources as an entrepreneurial challenge.
View question detailsWhich is a main part of a business plan in entrepreneurship?
Correct answer: A
A business plan clarifies market and financial direction. In exams, link planning with organised decision-making.
View question detailsWhich option shows an entrepreneur's customer orientation?
Correct answer: A
Customer orientation focuses on convenience and satisfaction. In exams, connect customer needs with decisions.
View question detailsWhich is the best example of ethical behaviour in entrepreneurship?
Correct answer: A
Correct information builds customer trust and reputation. In exams, connect ethics with long-term success.
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