Class-XI
Ch-1 Entrepreneurship: Concept and Functions – PART-2
To access 1- 25 questions please click on Part-1 here.
Ch-1 Entrepreneurship: Concept and Functions – PART-1
Q 26: “The Entrepreneur decides about the capital structure of the company.” Which of the following Promotional function of an Entrepreneur is highlighted in Quoted lines?
(a) Detailed investigation (c) Assembling the Requirements
(b) Discovery of an Idea (d) Financing the Proposition
Ans: (d) Financing the Proposition
Q 27: “ It is decision making in advance, what to do, when to do , how to do and who will do a particular task” Which of the following Managerial function of an Entrepreneur is highlighted in Quoted lines?
(a) Organizing (c) Directing
(b) Staffing (d) Planning
Ans: (d) Planning
Q 28: “ this function of Entrepreneur is concerned with To arrange guide, co-ordinate, direct and control the activities of the factors of production”. Which of the following Managerial function of an Entrepreneur is highlighted in Quoted lines?
(a) Organizing (c) Directing
(b) Staffing (d) Planning
Ans: (a) Organizing
Q 29: “ This Function of an entrepreneur is concerned with manpower planning, recruitment, selection and placements of manpower , human resources development , promotion, transfer , appraisal and determination of employee’s remuneration.”. ”. Which of the following Managerial function of an Entrepreneur is highlighted in Quoted lines?
(a) Organizing (c) Directing
(b) Staffing (d) Planning
Ans: (b) Staffing
Q 30: “ It is concerned with carrying out the desired plans” Which of the following Managerial function of an Entrepreneur is highlighted in Q uoted lines?
(a) Organizing (c) Directing
(b) Staffing (d) Planning
Ans: (c) Directing
Q 31: “ It is the process by which an entrepreneur imaginatively guides and influences the work of others in choosing and attaining specified goals by mediating between the individuals and organisation in such a manner that both will get the maximum satisfaction.” Which of the following Managerial function of an Entrepreneur is highlighted in Quoted lines?
(a) leadership (c) Supervision
(b) Motivation (d) Coordination
Ans: (a) leadership
Q 32: _________ refers to exchange of ideas, feelings, emotions, knowledge and information between two or more persons. Fill in the blank with the managerial functions of Entrepreneur.
Ans: Communication
Q 33: ________ is the psychological process of creating an urge among the subordinates to do certain things or behave in the desired manner. Fill in the blank with the managerial functions of Entrepreneur.
Ans: Motivation
Q 34: “ It refers to the job of overseeing subordinates at work to ensure the maximum utilization of resources, to get the required and directed work done.” Which of the following Managerial function of an Entrepreneur is highlighted in Quoted lines?
(a) leadership (c) Supervision
(b) Motivation (d) Coordination
Ans: (c) Supervision
Q 35: “It is essential to channelize the activities of various individuals in the organisation, for the achievement of common goals”. Which of the following Managerial function of an Entrepreneur is highlighted in Q uoted lines?
(a) leadership (c) Supervision
(b) Motivation (d) Coordination
Ans: (d) Coordination
Q 36: “ It is the process which enables the entrepreneur to get his company’s policies implemented and take corrective measures if performance is not according to the pre- determined standards.” Which of the following Managerial function of an Entrepreneur is highlighted in Quoted lines?
(a) leadership (c) Controlling
(b) Motivation (d) Coordination
Ans: (c) Controlling
Q 37: Which of the following Commercial function is concerned with the movement of goods from producer to consumer?
(a) Production (c) Marketing
(b) Finance (d) Accounting
Ans: c. Marketing
Q 38: Which of the following Commercial function is concerned with Systematic recording of entrepreneurial transactions of an enterprise and the financial position of the enterprise
(a) Production (c) Marketing
(b) Finance (d) Accounting
Ans: (d) Accounting
Q 39: Which of the following Commercial function is concerned with the provision of working conditions and welfare measures to maintain a good work force in the organisation.
(a) Production (c) Marketing
(b) Personnel (d) Accounting
Ans: (b) Personnel
Q 40: Which of the following Commercial function is concerned with the creation of goods and services.
(a) Production (c) Marketing
(b) Finance (d) Accounting
Ans: (a) Production
Q 41: Government of India has initiated the Self Reliant Movement to make India self dependent instead of buying goods from other countries. Which of the following need of entrepreneurship is highlighted in the above case?
(a) Social benefits (c) Increase profits
(b) Life line of nation (d) All of the above
Ans: Life line of the nation.
Q 42: Development of Entrepreneurship raises the standard of living by providing good Quality products and services at the lowest possible cost. Which of the following need of entrepreneurship is highlighted in the above case?
(a) Social benefits (c) Increase profits
(b) Life line of nation (d) All of the above
Ans: (a) Social Benefits
Q 43: The typical profit of an owner managed business is Rs. 2,40,000 per year. Only the top ten percent of entrepreneurs earn money than employees. And the typical entrepreneur earns less money than he otherwise would have earned, working for someone else.
Which Myth of the Entrepreneurship is highlighted in above case?
(a) Starting a business is easy
(b) Most enterprises are successful financially
(c) Start ups can’t be financed through debt
(d) Most entrepreneurs start business in an attractive industry
Ans: © Most enterprises are successful financially
Q 44: Mahima Mehra started Hathi Chaap which was totally a new venture where different materials. Were tried out to make handmade paper.
Which Myth of the Entrepreneurship is highlighted in above case?
(a) Starting a business is easy
(b) Most enterprises are successful financially
(c) Start ups can’t be financed through debt
(d) Most entrepreneurs start business in an attractive industry
Ans: (d) Most entrepreneurs start business in an attractive Industry.
Q 45: Infosys was started with only rs. 10,000.
Which Myth of the Entrepreneurship is highlighted in above case?
(a) It takes a lot of money to finance a new start up
(b) Most enterprises are successful financially
(c) Start ups can’t be financed through debt
(d) Most entrepreneurs start business in an attractive industry
Ans: (a) It takes a lot of money to finance a new start up
Q 46:Which of the following step of the process of Entrepreneurship is concerned with Selling the business and earning the Rewards.
(a) Planning (c) Growth
(b) Harvest (d) Identifying opportunities
Ans: (b) Harvest