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84, Multiple Choice Questions, 1. Which of the following shows the process of creating, something new ?, () Business model, (i) Modeling, (iii) Creative flexibility, (iv) Innovation, 2. An entrepreneur into the clothing business found out, the reason his hosiery was not selling was due to its, color. What could be the best source of this, information ?, () Supplier, (1) Retailer, (iii) Competition, (iv) Government bureau, 3. To be successful in an entrepreneurial venture, you, () Money, (ii) Hard work, (iii) Innovative idea, (ir) All of above, 4.The term entrepreneur came from :, () Latin, (i) French, (iii) English, (iv) None of the above, 5. Most important factor in forming a new businew, 2., An, Am, () Finance, (i) Marketing, (ii) Govt. Support, (ir) Family Support, paau, Answers, (42), (a1) *, (a1) *I, Fill in the Blanks, 1. An .......... is a person who establishes a business or a venture that generates some value to the customer, and proves to be profitable for him., 2. Rahul starts a shop to sell Chaat and special Paani Puri. He is an . ., 3. Shahid becomes the manager of a dealership selling food products. He is an, 4. Ritu leaves the company she worked for and starts catering food for marriage programmes. She is an, (C.B.S.E. SAMPLE PAPER 2020, shows the process of creating something new., must be innovative, hard working., is the ability to start a new business to earn profits., business uses raw materials, parts and components to assemble finished goods., is an organization in which provide goods or services to customers., 5., 6. A, 7., 8., Answers, 1. Entrepreneur, 2. Entrepreneur, 3. Employee, 4. Entrepreneur, 5. Innovation, 6. Entrepreneur, 7. Entrepreneurship 8. manufacturing, 9. Business, State True or False, 1. Entrepreneurs are generally less educated than the general population., 2. An entrepreneur must be self confident., 3. Hybrid business buys products at retail price., 4. Service business is kind of business that provide services to the customers., 5. Entrepreneur originates from the Latin word which means "to evaluate",, Answers, 1. False, 2. True, 3. False, 4. True, 5. False