MCQ Bank
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
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