Balbharti Maharashtra State Board 12th OCM Important Questions Chapter 3 Entrepreneurship Development Important Questions and Answers.
Maharashtra State Board 12th Commerce OCM Important Questions Chapter 3 Entrepreneurship Development
Select the correct options and rewrite the sentences
Question 1.
The term entrepreneur was first used by ………………
(a) J. Schumpeter
(b) R. Cantilon
(c) A.H. Cole
Answer:
(b) R. Cantillon
Question 2.
13 functions of an entrepreneur were enumerated by ………………
(a) J. Schumpeter
(b) R. Cantillon
(c) Kilby Peter
Answer:
(c) Kilby Peter
Question 3.
The inner urge of a person to do something is ………………
(a) initiative
(b) hard work
(c) creativity
Answer:
(a) initiative
Question 4.
Entrepreneurial ……………… is measured in terms of the individual’s attitude towards opportunity recognition.
(a) value
(b) attitude
(c) motivation
(b) attitude
Question 5.
The basic elements of the process of ……………… are motive, behaviour, and goal.
(a) value
(b) motivation
(c) attitude
Answer:
(b) motivation
Question 6.
EDP was first introduced in ……………… in 1970.
(a) Maharashtra
(b) Andhra Pradesh
(c) Gujarat
Answer:
(c) Gujarat
Give one word/phrase/term which can substitute each one of the following
Question 1.
A process of setting up a new business organization.
Answer:
Entrepreneurship
Question 2.
A combination of knowledge, skills, motive, attitude, and habits.
Answer:
Competence
Question 3.
A scheme of instructions which is planned, systematic, consistent, pervasive, and monitored to measure its effectiveness.
Answer:
Training
Question 4.
The fourth factor of production.
Answer:
Entrepreneurs.
Answer in one sentence
Question 1.
What is Entrepreneurship Development Programme (EDP)?
Answer:
An Entrepreneurship Development Programme is a device to help a person In strengthening his entrepreneurial motive and In acquiring skills and capabilities necessary for playing his entrepreneurial role efficiently.
Question 2.
Who is Intrapreneur?
Answer:
An intrapreneur is an employee who has the authority and support of his company/employer to implement his own innovative and creative ideas.
Question 3.
What is Training?
Answer:
Training is a scheme of instructions that is planned systematically, consistently, pervasive, and monitored to measure its effectiveness.