Question 1 Medium Level 47
Which behaviour shows adaptability of an entrepreneur? A Making suitable product changes when market demand changes B Repeating old mistake C Fearing every change D Not listening to customer feedback
Correct answer: A Improving according to changing market is adaptability. In exams, see change and feedback together.
View question details Question 2 Medium Level 47
Where is an entrepreneur's leadership ability visible? A Giving goals to the team and distributing responsibilities B Delaying all decisions C Hiding work D Staying away from customers
Correct answer: A Leadership includes goal clarity and task division. In exams, do not treat leadership as only giving orders.
View question details Question 3 Medium Level 47
A Home Science student makes and sells a low-sugar nutritious snack. Which entrepreneurial trait is linked with this? A Innovation and need recognition B Escaping work C Mere copying D Aimless spending
Correct answer: A Creating a new option by understanding health need shows entrepreneurial thinking. In exams, connect Home Science skills with entrepreneurship.
View question details Question 4 Medium Level 47
Why is financial planning necessary in entrepreneurship? A To control cost income savings and profit B To drive customers away C To remove legal rules D To reduce quality
Correct answer: A Financial planning makes business stable and sustainable. In exams, treat money management as a base of entrepreneurship.
View question details Question 5 Medium Level 47
In which situation is an entrepreneur's problem-solving ability clear? A Finding an alternative supplier when supply is delayed B Ignoring delay C Lying to customers D Closing the business
Correct answer: A Finding a practical alternative after a problem is problem solving. In exams, look for solution after obstacle.
View question details Question 6 Medium Level 47
Why is it necessary for an entrepreneur to know competition in the market? A To decide price service and quality better B To stay away from customers C To hide the business D To spoil the product
Correct answer: A Understanding competition helps in making strategy. In exams, connect market knowledge with decision-making.
View question details Question 7 Medium Level 47
Which quality helps an entrepreneur continue efforts after failure? A Resilience and persistence B Fear and passivity C Disorder D Discouragement
Correct answer: A Resilience helps move ahead after learning from failure. In exams, look for corrective behaviour after failure.
View question details Question 8 Medium Level 47
What can social responsibility mean in entrepreneurship? A Doing business without harming society and environment B Cheating customers C Wasting resources D Breaking rules
Correct answer: A Responsible entrepreneurship considers social good along with profit. In exams, connect social responsibility with ethics.
View question details Question 9 Medium Level 47
An entrepreneur adds online ordering facility for customer convenience. Which characteristic is this? A Innovation and customer orientation B Postponing work C Distance from market D Hiding quality
Correct answer: A A new facility is service improvement according to customer need. In exams, treat technology-based improvement as innovation.
View question details Question 10 Medium Level 47
What most identifies an entrepreneur? A Seeing opportunity making an action plan and taking responsibility B Always complaining C Avoiding work D Only copying others
Correct answer: A An entrepreneur converts opportunity into plan and action. In exams, see the combination of opportunity planning and responsibility.
View question details Question 11 Medium Level 47
Which option does not show entrepreneurship? A Starting a service after seeing customer need B Testing a small product C Only waiting for opportunity and taking no step D Keeping account of cost and profit
Correct answer: C Only waiting does not create entrepreneurship. In exams, connect entrepreneurship with active steps.
View question details Question 12 Medium Level 47
Why are communication skills necessary for an entrepreneur? A To maintain clear relations with customers suppliers and team B To confuse everyone C To hide information D To distance from market
Correct answer: A Clear communication builds trust and coordination. In exams, connect communication with business relationships.
View question details Question 13 Medium Level 47
What is the main purpose of quality control in entrepreneurship? A Keeping product or service according to customer expectation B Increasing customer complaints C Producing wrongly D Hiding cost
Correct answer: A Quality control maintains customer trust. In exams, connect quality with customer satisfaction.
View question details Question 14 Medium Level 47
Which of the following qualities best demonstrates an entrepreneur's ability to take risks? A Making a considered investment in a new product based on market information B Rejecting every new business idea due to fear of loss C Leaving all business decisions entirely to others D Spending money without considering profit or loss
Correct answer: A Entrepreneurial risk-taking means making decisions under uncertainty after assessing available market information, not spending recklessly. Hence, a considered new-product investment is correct. Exam tip: choose options that combine risk with planning.
View question details Question 15 Medium Level 47
How does entrepreneurship increase self-reliance? A A person creates income and work opportunity through own ability B A person always depends on others C Work completely stops D Responsibility ends
Correct answer: A Entrepreneurship helps a person create a livelihood path. In exams, connect self-reliance with initiative.
View question details Question 16 Medium Level 47
An entrepreneur considers cost customer capacity and profit while fixing service price. This is an example of what? A Financial decision-making ability B Carelessness C Illegal behaviour D Customer neglect
Correct answer: A Pricing considers both cost and market. In exams, treat pricing as a balanced decision.
View question details Question 17 Medium Level 47
Which option shows an entrepreneur's learning attitude? A Understanding new technology and using it suitably in business B Avoiding new information C Treating feedback as insult D Continuing old mistakes
Correct answer: A Learning attitude keeps business useful in changing times. In exams, see learning and adaptation together.
View question details Question 18 Medium Level 47
Which is a correct example of value creation in entrepreneurship? A Providing a useful service that solves a customer problem B Only increasing price C Keeping product poor D Confusing customer
Correct answer: A Value creation happens by giving real benefit to customers. In exams, connect value with usefulness and solution.
View question details Question 19 Medium Level 47
Which characteristic helps an entrepreneur guide the team better? A Clear goals and motivating leadership B Unclear instructions C Avoiding responsibility D Distance from team
Correct answer: A Clear goals give direction and motivation to the team. In exams, connect leadership with goals and motivation.
View question details Question 20 Medium Level 47
What problem can occur if an entrepreneur produces a lot without market demand? A Resources and money may get stuck B Customers will always increase C Risk will end D Cost will reduce automatically
Correct answer: A Producing more without knowing demand is risky. In exams, remember market study before production.
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