Generally, the franchising in education sector for schools and colleges happens under the following franchising arrangement:

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

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

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

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

• A) False
• B) True
• C)
• D)

Which one of the following modes of business only operates under a two-party system?

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

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

• A) Knowledge and inspiration
• B) Dream, desire, and creativity
• C) Determination
• D) Leadership and networking

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)

An entrepreneur’s traits of leadership and networking help him at which stage of entrepreneurial process?

• A) Production and operations
• B) Venture development
• C) Idea generation
• D) Sustainability and growth

In ________________________, an entrepreneur sees the problem or gap and an opportunity to create a business and fills the gap.

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

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

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

Window of opportunity means the time duration during which a company can enter into a new market.

• A) True
• B) False
• C)
• D)

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

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

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

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

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

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

• A) True
• B) False
• C)
• D)

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

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

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

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

Demography means the statistical structure of populations.

• A) False
• B) True
• C)
• D)

Which of the following is NOT one of the stages of entrepreneurial process?

• A) Networking with other entrepreneurs
• B) Decision to become entrepreneur
• C) Creative idea generation
• D) Opportunity seeking

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

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

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