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

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

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

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

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

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

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

Which one of the following characteristics of a successful entrepreneur require him to always plan for future course of action?

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

Which of the following best describes the individuals who recognize a social problem and use their entrepreneurial skills to create a program, business or process to find a solution?

• A) Social innovators
• B) All of the given options are correct
• C) Social enterprise owners
• D) Social entrepreneurs

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

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

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

• A) False
• B) True
• C)
• D)

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

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

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

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

In which one of the following industries, “physical evidence” is a very important part of marketing mix?

• A) Furniture manufacturing industry
• B) Beverages’ manufacturing industry
• C) Manufacturing industry
• D) Services industry

In which one of the following businesses, there is less risk and reward?

• A) Joining the already existing family business
• B) Franchising
• C) None of the above
• D) Pure entrepreneurship route

Which one of the following modes of business is the most popular for doing business in the education sector of Pakistan?

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

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

Dealership in automobile industry is often based on the following franchising arrangement:

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

The length of a business plan is dependent on:

• A) Number of employees
• B) Nature of business competition
• C) Amount of the investment
• D) Number of customers

Business plan provides details about:

• A) Concept of a business
• B) Planning of a business
• C) Demerits of a business
• D) Merits of a business

Business plan and business idea are different to each other.

• A) True
• B) False
• C)
• D)

Which of the following section of a business plan is a glimpse of the whole document?

• A) Table of contents
• B) Management plan
• C) Appendix
• D) Executive Summary

Business plan is built on the basis of a business idea.

• A) True
• B) False
• C)
• D)