Which of the following(s) might be important consideration for part-time entrepreneurs?

• A) Social pressure
• B) Over commitment
• C) The role of financial or non-financial motives
• D) All of the above

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

_______________ 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

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)

Which type of franchising cost is incurred for the development of infrastructure such as building etc.?

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

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

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

_________________ is a company that sells a franchise outlet to a person in return of a specific fee with mutually decided agreement.

• A) Franchisee
• B) Securities and Exchange Commission (SECP)
• C) Franchise consultant
• D) Franchiser

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

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

An entrepreneur has all the qualities of a successful entrepreneur but he does not have confidence for his products that he is to sell in the market. Which of the following characteristics of successful entrepreneur is he primarily lacking?

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

Demography of a population includes:

• A) Age
• B) All of the given options are correct
• C) Income
• D) Ethnicity

Planned economic system is alternatively called as:

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

A franchisee of McDonalds has to follow the same style of building, SOPs, design and layout, logo etc. This is an example of ________________ type of franchiser control.

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

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

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

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

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

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

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

Problem inventory analysis is a method for obtaining new ideas and solutions by focusing on existing problems.

• A) False
• B) True
• C)
• D)

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

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

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

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

The integral part of doing any business is to keep track of the competitors and the industry which is termed as:

• A) Market intelligence
• B) Competitors’ analysis
• C) Market research
• D) Industrial analysis