#entrepreneurship

Entrepreneurship Development

Which of the following is not the characteristics of entrepreneurship?

None of the above not characteristic; management intangible, pervasive, multidimensional, continuous.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

Which of the following is the political administration function of the entrepreneur in relation to the enterprise?

Managing customer and supplier relations entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

The term ‘entrepreneur’ was first introduced by

Richard Cantillon entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

In entrepreneurial motivation N-Aff. represents,

Need for Affiliation entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

Which of the following countries are in need of entrepreneurs?

Both 1 and 2 entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

In the SVO (Subject, verb, object) formulation of the concepts of enterprise, entrepreneurship and entrepreneur are arra

Entrepreneur(S)→Entrepreneurship(V)→Enterprise(O) entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

Entrepreneurs improve economic efficiency by, 1. Improving processes 2. Reducing wastes 3. Bringing about technical prog

1, 2 and 3 entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Entrepreneurship Development

Which of the following is the impact of economic functions of entrepreneur on local communities?

Both 1 and 2 entrepreneurship correct; entrepreneurs contribute GDP, capital formation, development.

Ref: NCERT Business Studies Entrepreneurship Development chapter discusses entrepreneur characteristics functions role economic development startup concepts clearly.

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Principles of Management 1

Identify the correct statements among the following: A. Salary is not a primary economic reward for an entrepreneur. B.

A, C, E only is principle; Fayol/Taylor principles general guidelines flexible universal.

Ref: NCERT Business Studies Class XII Chapter 2 Principles of Management explains Fayol and Taylor principles guidelines for managerial efficiency.

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