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Q.5) Which one is NOT a disadvantage of Entrepreneurship?

A.Risky B.Uncertain Income C.You are the boss D.

Work long hours

Q.6) Which one is NOT an advantage of Entrepreneurship?
A.Can choose a business of interest B.You can be creative C.Make a lot of money D.

You will make decisions alone

Q.7) What type of entrepreneurial business actually produce the products they sell?
A.Manufacturing B.Wholesaling C.Retailing D.

Service

Q.8)

What type of entrepreneurial business sells products to people other than the final customer?

A.Manufacturing B.Wholesaling C.Retailing D.

Service

Q.9)

What type of entrepreneurial business sells products directly to the people who use or consume them?

A.Manufacturing B.Wholesaling C.Retailing D.

Service

Q.10) What type of entrepreneurial business sells service instead of a product?
A.Manufaturing B.Wholesaling C.Retailing D.

Service

Q.13) Which one is NOT a step in the problem solving method?
A.Define the problem B.Gather information C.Identify solutions D.

Ignore the problem

Q.19) Chemicals, fabrics, and foods are examples of (BLANK) businesses. Q.20) Shopping malls, Krogers, and Best Buy are examples of a (BLANK) business.

1. 1
A successful entrepreneur is willing to work until a job is done. Which of these terms describe this characteristic?

2 entrepreneurs must understand how the economy works. 4 Being an entrepreneur involves risks as well as rewards.o o o o self-confident enthusiastic persisitent restless 2. 3 The success or failure of an entrepreneurial venture rest entirely on the o o o o customer investor owner spouse 4. Which of these terms describe this characteristics? o o o o creative inquisitive persistent responsible . 5 Entrepreneurs want to know as much as possible about anything that might affect their ventures. What skill does this describe? o o o o basic business skills decision-making skills technical skills math skills 3. Which of the following is a risk of being an entrepreneur? o o o o decision-making flexibility creativity uncertain income 5.

He was the founder of the first Indian company that featured in the Forbes 500 list. His was a story of rags to riches.6. Which word best describes this characteristic? o o o o goal-oriented independent enthusiastic action-oriented 8. I would like to earn cash for sharing my opinion. 6 Business ownership carries with it a certain amount of o o o o services feedback habits prestige 7. 8 Which of the following is a contribution that a business owner makes to the community? o o o o personal satisfaction service generates jobs competitions 9. 7 Entrepreneurs want to set their own agendas and schedules. The company was Reliance. Ghanshyamdas Birla Dhirubhai Ambani . The man was ___________ _____________. None of the above. Which of the following is most true for you? o o o I have a child/children.

His is a story from rags to riches. he became the first pilot of India. The township that he built for his employees was selected as a UN Global Compact City.5% of people have also answered correctly.5% of people have also answered correctly. 62. He went on to set up Air India International. In 1992. He worked in Yemen in petrol stations for a few years before returning back to India to start his own business in 1958. 57. for all his achievements.the first Indian company to raise capital in global markets. . He started with 14 enterprises and built up the group to 95 enterprises before he retired as chairman. India's first international airline. #2 Before becoming a successful businessman. Born in a village in Gujarat.a position he held for 50 years. at the age of 34 . Reliance achieved yet another milestone . He set up Reliance India Limited which grew to become the largest private sector company in India. He was also awarded the Bharat Ratna . Dhirubhai Ambani JRD Tata Ratan Tata None of the above Correct! JRD Tata was a visionary of his time.Narayana Murthy None of the above Correct! Dhirubhai Ambani (1932-2002) was a pioneer of industry in India. India's highest civilian award. He was made chairman of Tata & Sons in 1938. his father was a school teacher.

5% of people have also answered correctly. soaps. 52.#3 A graduate of management from the Massachusetts Institute of Technology. To this day. this young man was called back to handle the family business after his father's sudden death. Adi Godrej is also a great supporter of the World Wildlife Fund. this man took the family business of locks and vegetable-based soaps to unbelievable heights. He is a big source of inspiration of Indians aspiring to be entrepreneurs. Wipro Technologies is one of the biggest software companies in India. His success story of turning a traditional family business into a high-tech software firm is stuff legends are made of. He took the family business of oils. #4 While studying in Stanford. lighting and toiletries and made it one of the biggest software companies in India Narayana Murthy Azim Premji Shiv Nadar None of the above Correct! Today. . 47. Jamshedji Tata Dhirubhai Ambani Adi Godrej None of the above Correct! The Godrej group was one of the first whose indigenously manufactured products displaced many entrenched foreign brands in the Indian market.5% of people have also answered correctly.

In 1934. 45% of people have also answered correctly. Adi Godrej M. Oberoi mortgaged his wife's jewellery and bought the hotel from his mentor and employer. Today the Oberoi group is an international group spanning countries other than India. S.he opened the first five star hotel of India. In 1965. cement.S. the famous engineering college in Pilani was founded by his company. this great man started with cotton and jute mills and expanded into the fields of chemicals. as a desk clerk. rayon etc. BITS. he became the first Indian to own and run a chain of hotels in India. And so it began.#5 A freedom fighter and consultant to Mahatma Gandhi. M. Oberoi passed away in 2002 at the ripe old age of 103. Oberoi Ghanshyam Das Birla None of the above Correct! M. The Birla Institute of Technology and Science (BITS) located in Pilani. Ghanshyam Das Birla Dhirubhai Ambani Shiv Nadar None of the above Correct! Ghanshyam Das Birla was the founder of the Birla empire. the Oberoi Intercontinental.S. . Clarkes. the Birla empire comprises sugar and paper mills. the birth place of Ghanshyam Das Birla is one of the country's top most engineering colleges. #6 He is aptly called the father of the hotel industry of India. and soon Oberoi owned a chain of hotels. Oberoi began his career in the hotel industry in the Cecil Hotel in Shimla in 1922. when the Clarkes Hotel came up for sale. Oberoi set another first . Today. Slowly acquiring hotels across India in the pre-independence era. He quickly learnt the ropes of the industry and became invaluable to his employer Mr. tea and textile mills and several other areas.

She went on to establish Shahnaz Hussain Herbals. B. India in 1983. Pratap Reddy Dr. New York and Copenhagen. Harrods and Selfridges to name a few. #7 It started with the death of a patient who couldn't fly to Texas for a heart surgery. a mother at 16. Paris. Shams Moopen None of the above Correct! Dr. she went on to establish a world-famous brand. now a $100 million dollar company. Dr. Mallika Sherawat Shahnaz Hussain Sudha Narayana Murthy None of the above Correct! A wife at 15. the Apollo Hospitals Group. 45% of people have also answered correctly. Shahnaz Hussain studied cosmetology extensively in London.D. carried by Bloomingdales. The incident moved this man enough to create Apollo Hospitals. with Dubai opening its first Apollo Hospital in 1999. #8 She founded a whole range of skincare products.65% of people have also answered correctly. Reddy has plans to expand out of India now. The first Apollo Hospital was set up in Chennai. Since then the group has expanded all over India and is now a $100 million turnover company. All the products in her range are free from chemicals and anything artificial. providing world-class medical and health care right in India. Dr. . Pratap Reddy founded the first corporate hospital group of India. Married at the age of 15. Agarwal Dr.

In 2005. 60% of people have also answered correctly. #9 Founder of the Kingfisher group. Narayana Murthy Shiv Nadar Azim Premji None of the above Correct! HCL derives 80% of its income from computers and office equipment. #10 He is the CEO of HCL (Hindustan Computers Limited). his group is now a multinational conglomerate of companies. 50% of people have also answered correctly. Today it is India's largest IT conglomerate. among other alcoholic beverages. Vijay Merchant Vijay Mallya Vikram Gokhale None of the above Correct! Vijay Mallya is chairman of the United Breweries group which manufactures the Kingfisher brand of beer. this man owns businesses ranging from breweries to airlines! Known for his flashy and flamboyant lifestyle. At the time when IBM shut down operations in India in the 70s.55% of people have also answered correctly. Vijay Mallya established Kingfisher Airlines. HCL stepped in to fill the void. .

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