Unit 4 Entrepreneurial Skills
MCQ
UNIT 2: ENTREPRENEURIAL SKILLS (30 MCQs)
- Entrepreneurship means
A. Job seeking
B. Business ownership
C. Risk-taking and innovation
D. Government service - An entrepreneur is a person who
A. Works for salary
B. Takes risks to start a business
C. Avoids responsibility
D. Follows orders - Which is a key quality of an entrepreneur?
A. Fear of failure
B. Laziness
C. Creativity
D. Dependence - Which skill helps in decision making?
A. Technical skill
B. Leadership skill
C. Communication skill
D. Personal skill - A business plan is
A. Legal document
B. Blueprint of business
C. Advertisement
D. Loan paper - Which is a type of business?
A. Partnership
B. Friendship
C. Relationship
D. Membership - Innovation means
A. Copying ideas
B. Creating new ideas
C. Avoiding change
D. Closing business - Risk in business means
A. Guaranteed profit
B. Possibility of loss
C. No uncertainty
D. Fixed income - Which sector supports entrepreneurship?
A. Education
B. Manufacturing
C. Service
D. All of these - Self-employment means
A. Working for others
B. Working for oneself
C. Government job
D. Corporate job - Which quality helps handle stress?
A. Patience
B. Anger
C. Fear
D. Anxiety - Which is a source of business finance?
A. Bank loan
B. Salary
C. Gift
D. Pocket money - Profit is
A. Income – Expense
B. Expense – Income
C. Income + Expense
D. Loss - Which factor affects business success?
A. Planning
B. Market demand
C. Competition
D. All of these - Which is NOT an entrepreneurial trait?
A. Confidence
B. Initiative
C. Risk-taking
D. Laziness - Leadership means
A. Controlling others
B. Guiding and motivating others
C. Ignoring others
D. Ordering others - Which helps in customer satisfaction?
A. Quality product
B. High price
C. Poor service
D. Delay - Which skill helps in negotiation?
A. Listening skill
B. Communication skill
C. Technical skill
D. Physical skill - SWOT analysis stands for
A. Strength, Weakness, Opportunity, Threat
B. Speed, Work, Order, Time
C. System, Web, Output, Tool
D. Skill, Work, Operation, Task - Which is an example of small business?
A. IT company
B. Startup bakery
C. MNC
D. Government office - Which factor is internal to business?
A. Competition
B. Government policy
C. Employee skill
D. Market demand - Which helps in brand building?
A. Advertisement
B. Ignoring customers
C. Low quality
D. Poor service - Which quality helps in teamwork?
A. Cooperation
B. Ego
C. Anger
D. Fear - Which business involves selling goods?
A. Manufacturing
B. Trading
C. Service
D. Banking - Which business provides services?
A. Factory
B. Hospital
C. Workshop
D. Mine - Which is an example of innovation?
A. Copying product
B. New mobile app
C. Closing shop
D. Old idea - Which helps in goal achievement?
A. Planning
B. Delay
C. Laziness
D. Fear - Which skill improves customer relations?
A. Communication
B. Technical
C. Physical
D. Writing - Which is an entrepreneurial activity?
A. Job application
B. Business startup
C. Homework
D. Examination - Which quality builds trust?
A. Honesty
B. Dishonesty
C. Anger
D. Fear
