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

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

Window of opportunity means the time duration during which a company can enter into a new market.

• A) True
• B) False
• C)
• D)

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

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

Mr. Usman has the ability to understand the balance sheets and financial ratios of his business very well. This is an example of ___________________

• A) Persuasion and influence
• B) Data intelligence
• C) Financial intelligence
• D) Customer intelligence

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) Execution intelligence
• B) Passion for business
• C) None of the above
• D) Tenacity despite failure

We define idea as “Something imagined or pictured in the mind”.

• A) True
• B) False
• C)
• D)

In __________________, the entrepreneur decides to start a business, looks for and recognizes the opportunity and starts the business.

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

Which of the following(s) might be potential challenges for co-entrepreneurship?

• A) Profit sharing
• B) Personality conflict
• C) All of the above
• D) Team conflict

Demography means the statistical structure of populations.

• A) False
• B) True
• C)
• D)

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

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

All the franchise branches of fast-food restaurants are often similar and are run under the following franchising arrangement:

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

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

What is meant by a partnership deed in co-entrepreneurship?

• A) None of the above
• B) A goodwill gesture of co-entrepreneurs
• C) A legal document containing business details
• D) A calculation of profit distribution

Reverse brain storming is also called brainwriting.

• A) True
• B) False
• C)
• D)

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

Mr. Ahmad has started a new business but he lacks the managerial skills to manage a team of individuals under him. This is an example of:

• A) Senior entrepreneurship
• B) Social entrepreneurship
• C) Entrepreneurial pitfall
• D) Serial entrepreneurship

Command economic system is a system controlled and directed by a central authority which is usually the elite class of the relative country.

• A) True
• B) False
• C)
• D)

Which of the following conditions for a good relationship between a franchiser and franchisee is compromised when the franchisers don’t respond to the repeated telephonic calls of franchisee for guidance in his new business?

• A) Profit sharing
• B) Empathy
• C) Open mindedness
• D) Responsiveness

Home based entrepreneurship is more common in:

• A) None of the above
• B) Urban areas
• C) Rural areas
• D) Capital cities

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