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

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

Reverse brain storming is also called brainwriting.

• A) True
• B) False
• C)
• D)

An entrepreneur is the sole trader of grains and pulses in a city and has power to create artificial shortage of product in the market for a price hike. Which of the following characteristics of successful entrepreneur would primarily stop him from doing so?

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

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

Command economic system is a system controlled and directed by a central authority which is usually the elite class of the relative country.

• A) True
• B) False
• C)
• D)

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

Home based entrepreneurship is more common in:

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

Mr. Ali has started a new business but the location of his office is outside the city which is a source of heavy transportation cost for the business. This is a typical example of:

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

A good product or service opportunity should add value for:

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

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

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

People who eat home grown vegetables and fruits show inclination towards which of the following current trends?

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

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

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

In ________________, demand and supply regulates the market instead of the government.

• A) Free market system
• B) Hybrid economic system
• C) Mixed economic system
• D) Command economic system

An entrepreneur is determined to persist with his new business even after initial pitfalls in his entrepreneurial journey. Which one of the following characteristics of a successful entrepreneur is he having?

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

Mr. Khalid has a very good ability to have interpersonal interactions with potential new clients of his business of supplying building construction material. This is an example of __________________

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

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

• A) False
• B) True
• C)
• D)

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

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

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

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

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