CBSE Class 11 Entrepreneurship Concept And Functions Worksheet

ENTREPRENEURSHIP: CONCEPT AND FUNCTIONS

I Answer each of these questions in about fifteen words 

1 How Peter F. Drucker has defined the term entrepreneur?

2 Name the person who firstly introduced the term ‘Entrepreneur’

3 Name the entrepreneur who introduced the logo given below and state the idea behind the same.

4 Who plays the role of an entrepreneur in India?

II Answer each of these questions in about fifty words 

1 Vinay lives in a village and had always wanted to start a new business. He believed that starting a new business is very easy but was reluctant to start a new enterprise as he was told by his friends that bank do not provide loans for new business enterprise. Name the two myths that Vinay perceives in his thought?

2 Explain any two disadvantages of being an Entrepreneur.

3 Innovation is the hallmark of Entrepreneurship.” Why is ‘innovation’ referred as the basic function of an entrepreneur

4 Differentiate between entrepreneur and entrepreneurship

5 Explain any two advantages of being an Entrepreneur.

III Answer each of these questions in about one hundred and fifty words 

1 Karan wants to start a textile unit near Gurgaon. Discuss the commercial functions which he will require to plan and perform for the same

2 Explain any four managerial functions of an entrepreneur?

3 Explain any four promotional functions of an entrepreneur

4 Why entrepreneurs are called ‘agents of progresses’ for a nation? What role do they play in the Nation’s development?

IV Answer each of these questions in about two hundred and fifty words: 

1 Starting a venture is not an easy task. A series of activities need to be planned and undertaken to create an enterprise. Discuss them briefly.

2 Describe entrepreneurial functions of an entrepreneur.