Which of the following feature(s) should be present for a good relationship between franchiser and franchisee?

• A) Responsiveness
• B) Communication
• C) All of the above
• D) Empathy

An entrepreneur’s traits of leadership and networking help him in sustainability and growth.

• A) False
• B) True
• C)
• D)

In which one of the following businesses, entrepreneur enters the business world under the umbrella of an established business brand?

• A) Buying an existing business
• B) Pure entrepreneurship route
• C) Joining the already existing family business
• D) Franchising

Reverse brain storming is also called brainwriting.

• A) False
• B) True
• C)
• D)

Which of the following is NOT the technique of idea generation?

• A) Mind mapping
• B) Problem inventory analysis
• C) Market research
• D) Brain storming

Mr. Ahmad is very determined to start only a digital business and he has got a formal education for it as well. Which one of the following characteristics of a successful entrepreneur is he having?

• A) Passion for business
• B) Tenacity despite failure
• C) None of the above
• D) Execution intelligence

Which of the following is the most underutilized source of information and idea generation?

• A) Internet
• B) Incubation centers
• C) Libraries
• D) Experts

In __________________, the entrepreneur decides to start a business, looks for and recognizes the opportunity and starts the business.

• A) Externally stimulated ventures
• B) Internally stimulated ventures
• C) Joint ventures
• D) Concept based business

An entrepreneur’s traits of knowledge and inspiration help him in venture development.

• A) False
• B) True
• C)
• D)

An entrepreneur’s traits of ________________ help him in production and operations of business

• A) All of the given options are correct
• B) Determination
• C) Productivity and efficiency
• D) Learning from trial and error

Mr. Ali has made a franchise agreement with a famous established school and as per the agreement, he can operate the business with specific timing in the morning only and with his own promotional expenses. Which type of franchise control is being exercised in this case?

• A) Restriction of good / service to be sold
• B) Approval of site and facility’s appearance
• C) Required operating hours and advertising
• D) Restriction of sales territory

What is meant by a partnership deed in co-entrepreneurship?

• A) A goodwill gesture of co-entrepreneurs
• B) A legal document containing business details
• C) A calculation of profit distribution
• D) None of the above

An entrepreneur’s traits of ­­­­­­­­­­­­­­­____________________help him in idea generation.

• A) Knowledge and inspiration
• B) Learning from trial and error
• C) Determination
• D) Productivity and efficiency

Demography means the statistical structure of populations.

• A) False
• B) True
• C)
• D)

Increasing the use of solar, geothermal, wind, biofuels, and fuel cells is related to:

• A) Fitness and health trend
• B) Green trend
• C) Clean energy trend
• D) Organic orientation trend

Home based entrepreneurship is more common in:

• A) Rural areas
• B) None of the above
• C) Urban areas
• D) Capital cities

Which of the following might be the characteristic(s) of wantrepreneurs?

• A) Indecisiveness
• B) Unrealistic desires
• C) Confusion about business idea
• D) All of the above

Which of the following conditions for a good relationship between a franchiser and franchisee is compromised when the franchisers don’t respond to the repeated telephonic calls of franchisee for guidance in his new business?

• A) Empathy
• B) Profit sharing
• C) Open mindedness
• D) Responsiveness

Which of the following best describes the ability to understand something instinctively, without the need for conscious reasoning?

• A) None of the given options is correct
• B) Brainwriting
• C) Intuition
• D) Mind mapping

An entrepreneur has all the qualities of a successful entrepreneur but he is not ready to accept the sincere feedback of many customers. Which of the following characteristics of successful entrepreneur was he primarily lacking?

• A) Strong work ethics
• B) Open mindedness
• C) Being self-starter
• D) Self-assurance