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Subjects

Artificial Intelligence

Myths about entrepreneurship

In Class 9 Artificial Intelligence, this topic from “Entrepreneurial Skills-I” helps students examine common myths about entrepreneurship. They learn that entrepreneurs are not simply lucky or born with special talent, that starting a venture is not the only path, and that success does not come without planning, teamwork, creativity, responsible risk-taking, and learning from failure. The lesson encourages students to replace stereotypes with a practical understanding of opportunity identification, problem-solving, and the skills needed to turn useful ideas into value for people and communities.

Expert · Level 6 · 25 questions

TOPIC PRACTICE

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  1. When sales rise but costs rise even faster
  2. When costs fall and sales rise
  3. When all payments are in cash
  4. When there are no expenses
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  1. Opportunity can also be created by offering a better solution in an existing market
  2. Existing markets have no opportunities
  3. All customers want a new category
  4. Business is impossible when competition exists
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  1. Honesty can increase trust and customer loyalty
  2. Deception always improves reputation
  3. Ethics has no relation to customers
  4. Breaking laws reduces cost
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  1. Using mentors experts and customer feedback
  2. Making every decision alone
  3. Blocking opposing views
  4. Not informing the team
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  1. Service-based and social ventures
  2. Only factories
  3. Only wholesale trade
  4. Only exports
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  1. A distinct value proposition and better service can create a place in the market
  2. Competition always captures all customers
  3. Every market accepts only one business
  4. A new venture is possible only in monopoly
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  1. Scattered resources and deviation from business goals
  2. All customers will become identical
  3. Costs will automatically fall
  4. Risk will disappear
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  1. Small experiments and gradual expansion can also create strong growth
  2. Success comes only by investing all capital
  3. Testing is a waste of time
  4. Gradual expansion always fails
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  1. A better combination of existing ideas can also be creative
  2. Creativity is only painting
  3. Improvement cannot be innovation
  4. Changing customer experience is not creativity
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  1. Once successful the market always remains the same
  2. Customer feedback is needed regularly
  3. Competition may change
  4. Product improvement is necessary
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  1. Freedom also comes with greater responsibility and uncertainty
  2. Entrepreneurs have no deadlines
  3. Business has no accountability
  4. Entrepreneurs never feel stress
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  1. Feasible ideas and effective management are also necessary along with support
  2. Government support has no use
  3. Support always creates customers
  4. Management has no relation to success
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  1. A reliable and improved traditional product can maintain demand
  2. Old products have no market
  3. Customers always change technology
  4. Traditional services are never useful
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  1. Risk of choosing relationships over competence
  2. Friends never cooperate
  3. Every friend is unqualified
  4. Trust has no importance in a team
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  1. Promotion may bring the first sale but poor quality can prevent repeat purchase
  2. Advertising automatically improves quality
  3. Customer experience has no importance
  4. Promotion removes all complaints
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  1. Feedback testing and improvement
  2. Legal protection
  3. Cash flow
  4. Fixed cost
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  1. A small venture is also entrepreneurship if it identifies opportunity and creates value
  2. Only a large company can be a venture
  3. Number of employees alone determines entrepreneurship
  4. Local businesses cannot innovate
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  1. A later entrant can succeed through better quality or service
  2. The first business always remains the leader
  3. A later entrant can never learn
  4. Customers never switch from the first brand
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  1. Empathy helps understand customer problems and team needs
  2. Decisions should be made only through anger
  3. Emotions always destroy logic
  4. Customer emotion has no effect
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  1. Some people can begin a small part-time venture
  2. Employment and a venture can never coexist
  3. Entrepreneurship is only full-time
  4. Skill testing is impossible
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  1. An entrepreneur can build a team of specialists and delegate tasks
  2. An entrepreneur must learn every technical skill alone
  3. Delegation is weakness
  4. Using experts is a waste of money
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  1. Opportunity to improve product and service
  2. Opportunity to pay tax
  3. Opportunity to reduce rent
  4. Opportunity to remove competitors
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  1. They can build financial sustainability along with a social purpose
  2. Social enterprises only receive donations
  3. Profit and social impact can never coexist
  4. Every social enterprise remains in loss
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  1. Ventures can contribute to employment innovation and community development
  2. Entrepreneurship has no effect on society
  3. Business affects only the owner
  4. Customers and employees are not stakeholders
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  1. So that they develop an evidence-based and realistic perspective
  2. So that they reject every business idea
  3. So that they ignore risk completely
  4. So that they observe only successes

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