Mr. Ahmad has started a new business but he lacks the managerial skills to manage a team of individuals under him. This is an example of:

• A) Social entrepreneurship
• B) Entrepreneurial pitfall
• C) Senior entrepreneurship
• D) Serial entrepreneurship

Which of the following helps an entrepreneur in identifying the right opportunity?

• A) All of the given options are correct
• B) Networks
• C) Prior knowledge of market
• D) Prior knowledge of customer problems

Which of the following is NOT the quality of a good opportunity?

• A) Durability
• B) Timeliness
• C) Attractiveness
• D) Innovativeness

Incubation centers can provide the potential entrepreneur the information related to:

• A) Currently popular ideas
• B) All of the given options are correct
• C) The industry trends
• D) In demand product or service

All the franchise branches of fast-food restaurants are often similar and are run under the following franchising arrangement:

• A) Business format franchising
• B) Area developer
• C) Product and trade name franchising
• D) Piggyback franchising

Companies practicing the reduced use of plastic are following which of the following trends?

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

Which one of the following is the least risky business option for a new venture with less risk and more reward?

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

A bank issues loan for new ventures preferably to men compared to women. This is an example of discrimination based on:

• A) Gender
• B) Nationality
• C) Religion
• D) Age

Mr. Ahmad regularly gathers data about the marketing practices of his business competitors to align his business strategy accordingly. This is an example of __________________

• A) Marketing intelligence
• B) Financial intelligence
• C) Customer intelligence
• D) Data intelligence

_______________ may be called as the ultimate goal of life for a person.

• A) Being self-starter
• B) Empathy
• C) Vision
• D) Strong work ethics

Generally, the franchising in telecom sector happens under the following franchising arrangement:

• A) Product and trade name franchising
• B) Area developer
• C) Piggyback franchising
• D) Business format franchising

Organic orientation trend deals with the production of vegetables and fruits without using any fertilizers or pesticides.

• A) True
• B) False
• C)
• D)

Which is the type of cost that a franchisee has to give to the franchiser based upon the earning of business?

• A) Cash investment
• B) Royalty payment
• C) Initial franchise fee
• D) Advertising expense

Which of the following(s) might be important consideration for part-time entrepreneurs?

• A) Social pressure
• B) Over commitment
• C) The role of financial or non-financial motives
• D) All of the above

___________________ is a technique in which a central idea is written and then participants are asked to come up with associated ideas that branch out from the central idea.

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

_______________ is a person who provides paid services to the customers by guiding them about the effectiveness of a potential franchising opportunity.

• A) Franchise consultant
• B) Franchisee
• C) Securities and Exchange Commission (SECP)
• D) Client

Entrepreneurs play safe by picking an existing product about which they are passionate and build a business around that model.

• A) False
• B) True
• C)
• D)

Which type of franchising cost is incurred for the development of infrastructure such as building etc.?

• A) Royalty payment
• B) Initial franchise fee
• C) Advertising expense
• D) Cash investment

Mr. Usman is an established entrepreneur and regularly develops himself through country level and foreign entrepreneurial trainings for continuous learning. This may be called as:

• A) Vision
• B) Empathy
• C) Self-investment
• D) Strong work ethics

Mr. Asif has started a tuck shop business that is in a room of his house facing the roadside. Which one of the following term(s) can be used for such a business?

• A) Nano entrepreneurship
• B) Micro entrepreneurship
• C) Home-based entrepreneurship
• D) All of the above