Identify the source(s) that an entrepreneur should investigate after deciding about franchising from a particular company.

• A) Securities and Exchange Commission (SECP)
• B) All of the above
• C) Internet
• D) Franchise consultants

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

A person who starts a business after the age of 50 years is called:

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

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

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

An entrepreneur’s traits of ­­­­­­­­­­­­­­­____________________help him in idea generation.

• A) Determination
• B) Productivity and efficiency
• C) Learning from trial and error
• D) Knowledge and inspiration

An entrepreneur’s traits of __________________ help him in venture development.

• A) Dream, desire, and creativity
• B) Knowledge and inspiration
• C) Learning from trial and error
• D) Determination

Which one of the following characteristics of a successful entrepreneur require him to keep working for his venture even after initial setbacks?

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

_______________ 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

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

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

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

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

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

Mr. Ahmad can interpret the financial statements of his business very well. This is an example of _________________

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

Increasing the use of solar, geothermal, wind, biofuels, and fuel cells is related to:

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

Which type of franchising fee is usually non-refundable and is taken at the start by the franchiser for commercial use of his name by the franchisee?

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

Decisions based on the gut feeling or intuitions are always right.

• A) False
• B) True
• C)
• D)

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

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) Mind mapping
• D) Intuition

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) Data intelligence
• C) Financial intelligence
• D) Customer intelligence

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

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