9th Class Computer Chapter 7 Test7. Entrepreneurship

Q1. Multiple choice questions (Attempt all · 10 × 1 = 10)

1. What is the first step in transforming a hobby into a profession?
   1. Studying theories
   2. Applying skills and learning from
   3. Joining a team
   4. Seeking financial advice
2. Who is an entrepreneur?
   1. A person who works for a large company
   2. A person who starts and manages their own business
   3. A person who invests in stocks
   4. A person who does freelance work
3. What is the formula for determining the selling price of a product or service?
   1. Cost of product + Oerheads + Profit
   2. Cost of product + Profit
   3. Oerheads + Profit
   4. Cost of product + Oerheads
4. When should the executive summary be written?
   1. At the beginning
   2. In the middle
   3. At the end
   4. After market anlysis
5. What tool is recommended for preparing a business plan?
   1. Excel
   2. MS Word
   3. Power point
   4. Google Docs
6. How long should an executive summary ideally be?
   1. One page
   2. Two pages
   3. Three pages
   4. Four pages
7. How should the level of profit be set for a product or service?
   1. Based on competitor prices
   2. Arbitrarily
   3. By considering demand and supply
   4. By customer surveys
8. What is considered the most critical portion of a business plan?
   1. Market analysis
   2. Executive summary
   3. Promotional strategy
   4. Budget
9. What benefit can you achieve by turning your passion into a career?
   1. Professional recognition
   2. Monetary benefits
   3. Networking opportunities
   4. Academic accolades
10. What does SMART stand for in goal setting?
    1. Simple, Managesble, Achievable, Realistic, Timely
    2. Specific, Managesble, Achievable, Realistic, Time-bound
    3. Specific, Managesble, Achievable, Relevant, Time-bound
    4. Simple, Managesble, Achievable, Realistic, Timely