Specially Designed for CBSE Class 11 Students. One mark questions and answers for Chapter -2 – An Entrepreneur.
Q 1: Which of the following types of Entrepreneurs is given by C. Danhof?
(a) Trading Entrepreneurs (c) First generation Entrepreneurs
(b) Agriculture Entrepreneurs (d) Innovative Entrepreneurs
Ans: (d) Innovative Entrepreneurs.
Q 2: ___________ are the type of entrepreneurs who imitate only when they are sure that failure to do so would result in a loss of the relative share in the enterprise.
Fill in the blank with a suitable Type of Entrepreneurs.
(a) Trading Entrepreneurs (c) First generation Entrepreneurs
(b) Fabian Entrepreneurs (d) Innovative Entrepreneurs
Ans: (b) Fabian Entrepreneurs
Q 3: ____________ are the conventional in their approach. They are not ready to change their existing production methods even if they suffer losses.
Fill in the blank with a suitable Type of Entrepreneurs.
(a) Drone Entrepreneurs (c) First generation Entrepreneurs
(b) Fabian Entrepreneurs (d) Innovative Entrepreneurs
Ans: Drone Entrepreneurs
Q 4: In Underdeveloped countries, local mobile phone companies use the same technology used by big companies to manufacture their product. Which of the following types of Entrepreneurs is highlighted above?
(a) Trading Entrepreneurs (c) Imitative Entrepreneurs
(b) Agriculture Entrepreneurs (d) Innovative Entrepreneurs
Ans: © Imitative Entrepreneurs
Q 5: _______________ type are entrepreneurs are found in the field of small trading and manufacturing concerns.
Fill in the blank with a suitable Type of Entrepreneurs.
(a) Trading Entrepreneurs (c) First generation Entrepreneurs
(b) Business Entrepreneurs (d) Innovative Entrepreneurs
Ans: (b) Business Entrepreneurs
Q 6: To which type of entrepreneurs Hero Motor Corp and Hyundai Corporation belong to?
(a) Trading Entrepreneurs (c) First generation Entrepreneurs
(b) Business Entrepreneurs (d) Industrial Entrepreneurs
Ans: (d) Industrial Entrepreneurs
Q 7: ______________ are Essentially compared to craftsmen who concentrate more on production than marketing.
Fill in the blank with a suitable Type of Entrepreneurs.
(a) Trading Entrepreneurs (c) Technical Entrepreneurs
(b) Business Entrepreneurs (d) Innovative Entrepreneurs
Ans: © Technical Entrepreneurs
Q 8: Identify the type of entrepreneurs who develop alternative projects by selling the running business.
(a) Trading Entrepreneurs (c) Technical Entrepreneurs
(b) Business Entrepreneurs (d) Professional Entrepreneurs
Ans: (d) Professional Entrepreneurs
Q 9: Which of the following type of Entrepreneurs are also known as pure entrepreneurs because of their desire for self-fulfillment?
(a) Spontaneous Entrepreneurs (c) Technical Entrepreneurs
(b) Business Entrepreneurs (d) Professional Entrepreneurs
Ans: (a) Spontaneous Entrepreneurs
Q 10: They enter into entrepreneurship because of various governmental supports provided in terms of financial assistance, incentives, concessions, and other facilities to the people who want to set up their new enterprises”. Which type of entrepreneur is being discussed in the above lines?
(a) Induced Entrepreneurs (c) Motivated Entrepreneurs
(b) Spontaneous Entrepreneurs (d) Imitative Entrepreneurs
Ans: © Motivated Entrepreneurs
Q 11: Steve Jobs, the brain behind Apple and I-pod, is known to value quality in all the products introduced by the company. Which of the following competency of an Entrepreneur is highlighted in the above case?
(a) Persistence (c) Systematic Planning
(b) Information seeking (d) Quality Performance
Ans: (d) Quality Performance
Q 12: It is the method of governance that essentially involves balancing the interests of many stakeholders in a company. Identify the above concept related to business Ethics.
(a) Corporate governance (c) Fiduciary Responsibility
(b) Insider Trading (d) Bribery
Ans: (a) Corporate governance.
Q 13: Which of the following is the core value that is generally possessed by dynamic entrepreneurs:
(a) Motivation (c) Ethics
(b) Quest for outstanding performance (d) Attitude
Ans:(b) Quest for excellence
Q 14: Unsatisfied Need —> Tension —> X
What is X in the above process of Motivation?
(a) Reduction in tension (c) Drives
(b) Satisfaction of need (d) Search behavior
Ans: © Drives
Q 15: They are commonly found in developed countries where opportunities and resources are in abundance and contribute towards building a modern capitalist economy”. Which type of entrepreneur is being discussed in the above lines?
(a) Drone Entrepreneurs (c) Innovative Entrepreneurs
(b) Fabian Entrepreneurs (d) Imitative Entrepreneurs
Ans: © Innovative Entrepreneurs
Q 16: Elon Musk, the brain behind Tesla and neuro links, is known to value quality in all the products introduced by the company. Which of the following competency of an entrepreneur is highlighted in the above case?
(a) Persistence (c) Systematic Planning
(b) Information seeking (d) Quality Performance
Ans: (d) Quality Performance
Q 17: The use of the material and non-public information in trading the shares of a company by any person who owes a fiduciary duty to the company. Identify the above concept related to business Ethics.
(a) Corporate governance (c) Fiduciary Responsibility
(b) Insider Trading (d) Bribery
Ans: (b) Insider Trading
Q 18: Which of the following is not the core value that is generally possessed by dynamic entrepreneurs:
(a) Innovation and creativity (c) Independence
(b) Quest for outstanding performance (d) Attitude Ans: (d) Attitude
Ans: (d) Attitude
Q 19 : Unsatisfied Need —> X —> Drives.
What is X in the above process of Motivation.
(a) Innovation and creativity (c) Independence
(b) Q uest for outstanding performance (d) Attitude
Ans: (d) Attitude
Q 20: Rata Tata shifted the manufacturing plant of Nano cars from Singur to Sanand due to unforeseen Complexity. Which of the following Competency of an entrepreneur is highlighted in the above case?
(a) Problem Solving (c) Systematic Planning
(b) Information seeking (d) Q uality Performance
Ans: (a) Problem solving
Q 21: When Apple phone was launched, Steve Jobs took great care to make the package eco friendly and light weight with 3D images on it.
Which of the following core value is highlighted in Steve Jobs Behaviour
(a) Innovation and creativity (c) Independence
(b) Quest for outstanding performance (d) Respect for Work
Ans: (b) Quest for Excellence
Q 22: A young boy who could not clear IAS examination ,opened an institute for aspiring youngsters. What started as a single teacher coaching centre grew into a big education institute that provides wide range of courses. The young man who could not achieve his dream of becoming a civil servant has become an entrepreneur in the field of education.
Which of the following core value is highlighted in above case
(a) Innovation and creativity (c) Independence
(b) Q uest for outstanding performance (d) Respect for Work
Ans: © Independence
Q 23: Advertisers often use actors and actresses who look similar to or act similar to their intended audiences. The another application which advertisers use to influence audience attitudes is that they show typical people confronting different typical problems and finding solution in the use of the advertised brand.
Which of the following source of attitude is highlighted in above example?
(a) Direct personal experience (c) Influential others
(b) Group association (d) All of the above
Ans: © Influential Others
Q 24: Arrange the following needs in the order of their hierarchy as per Maslow’s need hierarchy theory of motivation.
(i) Safety needs
(ii) Esteem needs
(iii) basic physiological needs
(iv) Belonging needs
(a) (i) (ii) (iii) (iv)
(b) (iii) (i) (iv) (ii)
© (iv) (iii) (ii) (i)
(d) (iii) (iv) (i) (ii)
Ans: (b) (iii) (i) (iv) (ii)
Q 25: Under which of the following category job security, stability of income, pension plans need will be classified?
(a) Safety needs
(b) Esteem needs
(c) basic physiological needs
(d) Belonging needs
Ans: (a) Safety needs
NOTES UNIT-2 ENTREPRENEURIAL PLANNING CLASS-XII SUBJECT- ENTREPRENEURSHIP
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