CBSE Class-IX Information Technology-Solved Exercise Entrepreneurial Skills Basics of Entrepreneurship

CBSE Class-IX Information Technology-Solved Exercise Entrepreneurial Skills of  Entrepreneurship 

  1. Which of these is not a type of entrepreneurship?
    1. Small business entrepreneurship
    2. Scalable entrepreneurship
    3. Large scale entrepreneurship
    4. Intrapreneurship

    2. Answer: d

  2. Which of these actions of an entrepreneur will most likely result in creative destruction?
    1. Developing a new product
    2. Taking over a competitor’s business
    3. Issuing shares to individuals and institutions
    4. Lowering prices of your product or service

    3. Answer: a

  3. According to Schumpeter, innovative entrepreneurs would:
    1. Thrive in the market
    2. Not survive and disappear from the market.
    3. Get absorbed within larger innovative businesses
    4. Get absorbed within non-innovative businesses

    4. Answer: c

  4. Which of these is not a challenge for the entrepreneur?
    1. Managing the cash flow of their business
    2. Recruiting new employees
    3. Choosing the product or service to sell in the market
    4. Formulating rules and regulations relating to conducting entrepreneurship in their country

    5. Answer: d

  5. Which of these theories involve taking a moderate amount of risk as a function of skill and not chance?
    1. Need for achievement
    2. Need for affiliation
    3. Need for authority
    4. Need for independence

    6. Answer: b

  6. Which of these is not a category of external forces that affects a business?
    1. Competitive forces
    2. Technological forces.
    3. Economic forces
    4. Socio-economic forces

    7. Answer: b

  7. Which among these is a money manager who is involved in making risk investments from equity capital with the objective of gaining better returns?
    1. Entrepreneur
    2. Businessperson
    3. Buyer
    4. Venture capitalist

    8. Answer: d

  8. Andrew Carnegie belonged to this century:
    1. 16th to 17th Century
    2. 20th to 21st Century.
    3. 17th to 18th Century
    4. 19th to 20th Century

    9. Answer: d

  9. Which of these is the first activity of a new business?
    1. Departure point
    2. Goal Orientation
    3. Business skill development
    4. None of the above

    10. Answer: a

  10. Who should be involved in preparing a firm’s business plan?
    1. Accountant
    2. Engineer
    3. Entrepreneur
    4. None of the above

    11. Answer: c

  11. What should be the main worry of a company’s founder who asks for capital in exchange for equity shares in their venture?
    1. Valuation
    2. Control
    3. Capitalisation
    4. Legal formalities

    12. Answer: c

  12. The process of creating something new is called:
    1. Creative flexibility
    2. Management
    3. Business
    4. Innovation

    13. Answer: d

  13. Ownership position of less than 50 per cent in a business is known as:
    1. Majority Interest
    2. Joint Venture
    3. Minority Interest
    4. None of the above

    14. Answer: c

  14. Which of these is also known as corporate venturing?
    1. Intrapreneurship
    2. Mergers
    3. Entrepreneurship
    4. Acquisition

    15. Answer: a

  15. If an entrepreneur takes decisions on behalf of their enterprise, it is known as ______:
    1. Routine decisions
    2. Strategic decisions
    3. Organisational decisions
    4. Personal decisions

    16. Answer: c

  16. Entrepreneurship Development Program is helpful for:
    1. First-generation entrepreneurs
    2. Future generation entrepreneurs
    3. Existing Entrepreneurs
    4. None of the above

    17. Answer: a

  17. These decisions are concerned with policy matters and they influence the goals and objectives of a business venture:
    1. Routine decisions
    2. Strategic decisions
    3. Organisational decisions
    4. Personal decisions

    18. Answer: b

  18. Ownership position of more than 50 per cent in a business is known as:
    1. Minority Interest
    2. Joint Venture
    3. Majority Interest
    4. None of the above

    19. Answer: c

  19. What is the purpose of a feasibility study for starting a new venture?
    1. Exploring for potential customers
    2. Estimate sales
    3. To understand if there are any barriers to success
    4. None of the above

    20. Answer: c

  20. An entrepreneur who is the owner of more than one business is called:
    1. Portfolio Entrepreneur
    2. Intrapreneur
    3. Corporate Entrepreneur
    4. None of the above

    21. Answer: a

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