A good product or service opportunity should add value for:

• A) The buyer/end user
• B) The entrepreneur
• C) The environment
• D) All of the given options are correct

Industry analysis is related to reviewing the political, economic and market factors that influence the business venture and the way it develops.

• A) True
• B) False
• C)
• D)

Which one of the following(s) might be characteristic of a successful entrepreneur?

• A) Passion for business
• B) All of the above
• C) Execution intelligence
• D) Tenacity despite failure

Grameen bank issues loan on very low interest rate to poor segments of the society in Bangladesh. This is the best example of:

• A) Senior entrepreneurship
• B) Serial entrepreneurship
• C) Co-entrepreneurship
• D) Social entrepreneurship

Owner of a franchise outlet overestimated the business growth of the company from which he purchased the franchise. Which of the following conditions for a good franchiser – franchisee relationship has been compromised in this case?

• A) Open mindedness
• B) Anticipation
• C) Responsiveness
• D) Empathy

Mr. Imran has ambitious desires for an entrepreneurial venture but has not been able to start it for a long time due to confusion, unrealistic desires and indecisiveness. In which one of the following categories he does fall?

• A) Social entrepreneurship
• B) Wantrepreneur
• C) Serial entrepreneurship
• D) Senior entrepreneurship

Which of the following(s) might be potential challenges for co-entrepreneurship?

• A) Profit sharing
• B) Team conflict
• C) All of the above
• D) Personality conflict

Mr. Usman has the ability to understand the balance sheets and financial ratios of his business very well. This is an example of ___________________

• A) Financial intelligence
• B) Customer intelligence
• C) Persuasion and influence
• D) Data intelligence

Which of the following age group of people is social media lover?

• A) None of the given options is correct
• B) Baby boomers
• C) Generation X
• D) Millennial

For which one of the following businesses, earning profit is not the sole motive of the business?

• A) Social entrepreneurship
• B) Co-entrepreneurship
• C) Senior entrepreneurship
• D) Serial entrepreneurship

A business model that is more similar to Non-Governmental Organizations (NGOs) is called:

• A) Serial entrepreneurship
• B) Senior entrepreneurship
• C) Social entrepreneurship
• D) Co-entrepreneurship

We define idea as “Something imagined or pictured in the mind”.

• A) True
• B) False
• C)
• D)

When the saturation point comes and market matures, the window of opportunity opens.

• A) False
• B) True
• C)
• D)

What might be the reason(s) for a senior entrepreneur to start a business?

• A) All of the above
• B) Personal fulfillment
• C) Corporate layoffs
• D) Early retirement from a job

A new entrepreneur is facing loss in his business due to his weak marketing effort. This is an example of:

• A) Franchise agreement
• B) Wantrepreneur
• C) None of the above
• D) Entrepreneurial pitfall

What is the term used for a person with a lot of experience of creating new ventures?

• A) Co-entrepreneur
• B) Intrapreneur
• C) Entrepreneur
• D) Serial entrepreneur

Which one of the following types of franchiser control is exercised when the franchisee can sell only those goods and services whose right has been granted by the franchiser?

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

Which one of the following characteristics of a successful entrepreneur require him to always plan for future course of action?

• A) Persistence
• B) Learning
• C) Goal setting
• D) Information seeking

Which of the following best describes the individuals who recognize a social problem and use their entrepreneurial skills to create a program, business or process to find a solution?

• A) Social innovators
• B) All of the given options are correct
• C) Social enterprise owners
• D) Social entrepreneurs

Which of the following is a rich and most used source of information?

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