Chapter 7 COMMERCE : Entrepreneurship — Online MCQ Test
COMMERCE · CLASS 12 INTER II YEAR · Andhra State Board
Practice Chapter 7 COMMERCE : Entrepreneurship with a free chapter-wise online MCQ test.
This chapter covers: The final chapter covers entrepreneurial characteristics.
AI-generated questions from basic to board-exam level, with instant results and explanations.
Chapter 7 COMMERCE : Entrepreneurship — Important Questions & Answers
The term 'Entrepreneur' is derived from which language?
- A. Latin
- B. French
- C. Greek
- D. German
Answer: B. French
The term is derived from the French verb 'entreprendre', meaning to undertake.
The term is derived from the French verb 'entreprendre', meaning to undertake.
Which of the following is considered a primary characteristic of an entrepreneur?
- A. Risk aversion
- B. Resistance to change
- C. Innovation
- D. Strict adherence to routine
Answer: C. Innovation
Innovation is the hallmark of entrepreneurship as it involves creating new value or products.
Innovation is the hallmark of entrepreneurship as it involves creating new value or products.
Which of the following best describes the role of an entrepreneur in society?
- A. Only maximizing personal profit
- B. Creating employment and driving economic growth
- C. Replacing the government in resource distribution
- D. Eliminating all forms of market competition
Answer: B. Creating employment and driving economic growth
Entrepreneurs act as engines of growth by creating jobs and contributing to GDP.
Entrepreneurs act as engines of growth by creating jobs and contributing to GDP.
How does an entrepreneur differ from a traditional manager?
- A. Managers own the business; entrepreneurs do not
- B. Entrepreneurs focus on creation, while managers focus on operation
- C. Managers take high risks; entrepreneurs do not
- D. There is no difference in their roles
Answer: B. Entrepreneurs focus on creation, while managers focus on operation
Entrepreneurs are proactive creators of ventures, whereas managers are primarily focused on maintaining existing operations.
Entrepreneurs are proactive creators of ventures, whereas managers are primarily focused on maintaining existing operations.
Compare entrepreneurship and self-employment. Which statement is correct?
- A. All self-employed people are entrepreneurs
- B. Entrepreneurs focus on scalability and innovation, while self-employment is often task-based
- C. Self-employed individuals take more risks than entrepreneurs
- D. Entrepreneurship does not require capital, but self-employment does
Answer: B. Entrepreneurs focus on scalability and innovation, while self-employment is often task-based
Entrepreneurship involves scaling and innovation, whereas self-employment is often restricted to individual income generation.
Entrepreneurship involves scaling and innovation, whereas self-employment is often restricted to individual income generation.