Which of the following is an internal beneficiary of a business plan document?

• A) Potential investors
• B) Potential customers
• C) Potential suppliers
• D) Potential employees

A complex business is likely to have a very lengthy business plan.

• A) False
• B) True
• C)
• D)

The “Approach” section within an NABC discusses the tools and mechanisms to fulfill the needs of the target customers.

• A) False
• B) True
• C)
• D)

A bank issues loan for new ventures preferably to men compared to women. This is an example of discrimination based on:

• A) Age
• B) Religion
• C) Nationality
• D) Gender

Incubation centers can provide the potential entrepreneur the information related to:

• A) Currently popular ideas
• B) All of the given options are correct
• C) In demand product or service
• D) The industry trends

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

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

Mr. Ahmad has started a new business of a pharmaceutical company and wants to remain fully focused on it without any additional source of income. This is an example of:

• A) Co-entrepreneurship
• B) Full-time entrepreneurship
• C) Social entrepreneurship
• D) Part-time entrepreneurship

A business model that is more similar to Non-Governmental Organizations (NGOs) is called:

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

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

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

Which of the following might be the characteristic(s) of wantrepreneurs?

• A) Unrealistic desires
• B) Confusion about business idea
• C) Indecisiveness
• D) All of the above

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

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

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

Generally, the franchising in education sector for schools and colleges happens under the following franchising arrangement:

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

An entrepreneur’s traits of ________________ help him in production and operations of business

• A) Productivity and efficiency
• B) Determination
• C) All of the given options are correct
• D) Learning from trial and error

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

• A) False
• B) True
• C)
• D)

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

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

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

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

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)

An entrepreneur’s traits of leadership and networking help him at which stage of entrepreneurial process?

• A) Production and operations
• B) Venture development
• C) Idea generation
• D) Sustainability and growth

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

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