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Computer Chapter 7 : Test
TEST YOURSELF – Chapter # 7
1 / 7
Which are the functions of an entrepreneur?
Reasoning: An entrepreneur bears risks, introduces innovations, and organizes and manages business resources.
2 / 7
An entrepreneur who enters into business to improve product quality through inventions and discoveries comes under:
Reasoning: A Technical Entrepreneur uses technical knowledge, inventions, and innovations to improve products and business processes.
3 / 7
An entrepreneur who introduces new ideas, methods of production, and discovers new markets is called:
Reasoning: An Innovative Entrepreneur introduces new ideas, technologies, production methods, and market opportunities.
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Entrepreneurship can _________ the Gross National Product.
Reasoning: Entrepreneurship promotes business growth, production, and employment, which increases the Gross National Product (GNP).
5 / 7
Entrepreneurship can _________ unemployment.
Reasoning: Entrepreneurship creates new businesses and job opportunities, helping to reduce unemployment.
6 / 7
A stable and dynamic political environment plays:
Reasoning: A stable political environment encourages investment, business expansion, and economic growth.
7 / 7
A business plan is a written summary of:
Reasoning: A business plan includes the business idea, operational plan, financial details, and marketing strategy, providing a complete roadmap for the venture.
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