Chapter 24: Types of Entrepreneurs — Online MCQ Test
COMMERCE · CLASS 12th · Tamil Nadu State Board
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This chapter covers: This chapter covers classifications of entrepreneurs based on function business type technology adoption motivation development stage area and ownership. Students examine different....
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Chapter 24: Types of Entrepreneurs — Important Questions & Answers
An entrepreneur who starts a new business by introducing an original product or a new idea is called a ________ entrepreneur.
- A. Innovative
- B. Imitative
- C. Drone
- D. Fabian
Answer: A. Innovative
Innovative entrepreneurs introduce new products, methods, or ideas. They are known for creativity and original thinking.
Innovative entrepreneurs introduce new products, methods, or ideas. They are known for creativity and original thinking.
Which of the following entrepreneurs follows the existing market trends and copies successful business ideas?
- A. Innovative entrepreneur
- B. Imitative entrepreneur
- C. Drone entrepreneur
- D. Fabian entrepreneur
Answer: B. Imitative entrepreneur
Imitative entrepreneurs adopt and improve upon existing business models. They do not create an entirely new idea.
Imitative entrepreneurs adopt and improve upon existing business models. They do not create an entirely new idea.
A person who starts a business by using new technology and modern machines belongs to which type of entrepreneur?
- A. Technical entrepreneur
- B. Non-technical entrepreneur
- C. First-generation entrepreneur
- D. Drone entrepreneur
Answer: A. Technical entrepreneur
Technical entrepreneurs focus on technology-based business activities. They prefer modern technical knowledge and machinery.
Technical entrepreneurs focus on technology-based business activities. They prefer modern technical knowledge and machinery.
A farmer who starts a business using improved irrigation technology and modern farm methods is best classified as a ________ entrepreneur.
- A. Agricultural and technical entrepreneur
- B. Corporate entrepreneur
- C. Fabian entrepreneur
- D. Drone entrepreneur
Answer: A. Agricultural and technical entrepreneur
Agricultural entrepreneurs are involved in farm-related activities, and using modern technology makes the entrepreneurial activity technically oriented.
Agricultural entrepreneurs are involved in farm-related activities, and using modern technology makes the entrepreneurial activity technically oriented.
A student says: 'My father runs a family-owned business, but I started a new startup using digital technology and I am the first in my family to do so.' Which classification fits him best?
- A. Inherited and traditional entrepreneur
- B. First-generation and technical entrepreneur
- C. Drone and corporate entrepreneur
- D. Fabian and rural entrepreneur
Answer: B. First-generation and technical entrepreneur
He is a first-generation entrepreneur because he is the first in the family to start a business. Since he uses digital technology, he is also a technical entrepreneur.
He is a first-generation entrepreneur because he is the first in the family to start a business. Since he uses digital technology, he is also a technical entrepreneur.