MCQ Bank
Generally, the franchising in education sector for schools and colleges happens under the following franchising arrangement:
- A) Product and trade name franchising
- B) Business format franchising
- C) Area developer
- D) Piggyback franchising
Window of opportunity means the time duration during which a company can enter into a new market.
- A) True
- B) False
- C)
- D)
An idea must meet the criteria of an opportunity.
- A) False
- B) True
- C)
- D)
In which one of the following methods, as an entrepreneur, you take a limited right of doing business of an existing brand to a start your work under its umbrella?
- A) Buying an existing business
- B) Franchising
- C) Pure entrepreneurship route
- D) Joining the already existing family business
Mr. Ahmad can interpret the financial statements of his business very well. This is an example of _________________
- A) Data intelligence
- B) Financial intelligence
- C) Marketing intelligence
- D) Customer intelligence
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) Financial intelligence
- B) Persuasion and influence
- C) Data intelligence
- D) Customer intelligence
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) Self-assurance
- B) Strong work ethics
- C) Being self-starter
- D) Open mindedness
Which of the following feature(s) should be present for a good relationship between franchiser and franchisee?
- A) Responsiveness
- B) Communication
- C) All of the above
- D) Empathy
An entrepreneur’s traits of leadership and networking help him in sustainability and growth.
- A) False
- B) True
- C)
- D)
In which one of the following businesses, entrepreneur enters the business world under the umbrella of an established business brand?
- A) Buying an existing business
- B) Pure entrepreneurship route
- C) Joining the already existing family business
- D) Franchising
Reverse brain storming is also called brainwriting.
- A) False
- B) True
- C)
- D)
Which of the following is NOT the technique of idea generation?
- A) Mind mapping
- B) Problem inventory analysis
- C) Market research
- D) Brain storming
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