Every Book Back multiple-choice question from Elements of Entrepreneurship (12th Standard Commerce, Samacheer Kalvi) — each with the correct option highlighted and a clear, worked explanation. Free to read in English and Tamil.
Explanation. Section 23.01 treats entrepreneurship as one of the four major factors of production, besides land, labour and capital. All three options are therefore factors of production.
Q2
Entrepreneur is not classified as
A. Risk Bearer
B. Innovator
C. EmployeeCorrect
D. Organizer
Explanation. The lesson groups entrepreneurs into three classes: risk bearer, organiser and innovator. An employee works for a salary and is not one of these classes.
Q3
What are the characteristics of an entrepreneur?
A. Spirit of enterprise
B. Flexibility
C. Self Confidence
D. All of the aboveCorrect
Explanation. Section 23.02 lists spirit of enterprise, self confidence and flexibility as the first three characteristics of an entrepreneur, followed by innovation, resource mobilisation, hard work and others.
Q4
Which of the below is not classified into managerial functions?
A. Planning
B. MarketingCorrect
C. Organizing
D. Controlling
Explanation. The managerial functions are planning, organising, directing, controlling and coordination. Marketing is listed under the commercial functions of an entrepreneur.
Q5
Which of the below is a commercial function?
A. AccountingCorrect
B. Coordination
C. Discovery of idea
D. Planning
Explanation. The commercial functions are production, marketing, accounting, finance and human resource management. Coordination and planning are managerial functions; discovery of idea is a promotional function.
About these Elements of Entrepreneurship questions
These are the Book Back multiple-choice questions for Elements of Entrepreneurship from the Tamil Nadu State Board (Samacheer Kalvi) 12th Standard Commerce syllabus. Each question shows the correct option and an original, step-by-step explanation so you understand the method, not just the answer. Use the answer key above to jump to any question, then take the practice test to check yourself under exam-like conditions.
Frequently asked questions
How many MCQs are there in Elements of Entrepreneurship?
This chapter has 5 book-back multiple-choice questions, each with the correct answer and a step-by-step explanation.
Are these 12th Standard Commerce MCQs free to practise online?
Yes. Every question, answer and explanation here is free, and you can also take them as a timed practice test.
Where can I find the Elements of Entrepreneurship book-back answers?
The correct option for each question is highlighted on this page with a worked explanation, plus a quick answer-key summary at the top.
