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12th Standard English Medium Commerce Subject Elements of Entrepreneurship Book Back 1 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 5

    Part I

    5 x 1 = 5
  1. Which of the below is a factor of production?

    (a)

    Land

    (b)

    Labour

    (c)

    Enterpreneurship

    (d)

    All of the above

  2. Entrepreneur is not classified as _____.

    (a)

    Risk Bearer

    (b)

    Innovator

    (c)

    Employee

    (d)

    Organizer

  3. What are the characteristics of an entrepreneur?

    (a)

    Spirit of enterprice

    (b)

    Flexibility

    (c)

    Self Confidence

    (d)

    All of the above

  4. Which of the below is not classified into managerial functions?

    (a)

    Planning

    (b)

    Marketing

    (c)

    Organizing

    (d)

    Controlling

  5. Which of the below is a commercial function?

    (a)

    Accounting

    (b)

    Coordination

    (c)

    Discovery of idea

    (d)

    Planning

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