1. Entrepreneurship means ______.
    • A. Starting a new career
    • B. Managing career
    • C. Running your own business
    • D. Supporting a business person
    • Answer: C
  2. What are the duties of an entrepreneur?
    • A. Talking to customers
    • B. Managing finances and budgets
    • C. Managing the business
    • D. All of these
    • Answer: D
  3. Which of the following is the BEST definition of profit?
    • A. The total amount of money a business makes from selling goods or services.
    • B. The money a business owner spends on personal expenses.
    • C. The revenue or earnings which remain with the business owner, after all the costs are paid.
    • D. The total amount of money a business earns before paying taxes.
    • Answer: C
  4. Pratibha wants to start a Biryani Hotel. What will she need first?
    • A. Business plan
    • B. Name Board
    • C. Food Items
    • D. Kitchen Equipments
    • Answer: A
  5. Shaheen wants good chefs to work in her hotel. What is an effective way to hire them?
    • A. By reaching out to other hotel staffs
    • B. By advertising the job
    • C. By asking his relatives
    • D. None of these
    • Answer: B