MGT602 Midterm MCQs 2024 by Miss Mehwish

MGT602 (Mega File) · Mid Term (Live Quiz) · Past Papers for Mids./Finals are also Available · 1. Home based entrepreneurship is more common in:

o o Urban areas o ✅ Rural areas o Capital cities

Q2. Mr. Imran has ambitious desires for an entrepreneurial venture but has not been able to start it for a long time due to confusion, unrealistic desires, and indecisiveness. In which one of the following categories he does fall?

o o

o o

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

Q4. Mr. Ahmad is very determined to start only a digital business and he has got formal education for it as well. Which one of the following characteristics of a successful entrepreneur is he having?

o Passion for business o

o ✅ Execution intelligence o Tenacity despite failure

5. 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: o Part-time entrepreneurship o o ✅ Full-time entrepreneurship o
6. Which of the following conditions for a good relationship between a franchiser and franchisee

franchisee for guidance in his new business?

o

o o o Empathy

Q7. Which one of the following is the least risky business option for a new venture with less risk and more reward?

o o o

o

Q8. 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?

o ✅ Restriction of good / service to be sold o o o

9. Generally, the franchising in telecom sector happens under the following franchising arrangement: o

o o o

10. A person who starts a business after the age of 50 years is called:

o

o o o

1. Strong work ethics, Vision, Being self-starter may be called as the ultimate goal of life for a person. o a) Nationality o b) Gender ✔

o c) Nationality o d) Religion age

2. 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: o a) Financial intelligence o b) Persuasion and influence ✔

o c) Customer intelligence o d) Data intelligence

Q3. 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?

o a) Required operating hours and advertising o

b) Restriction of good / service to be sold ✔

o c) Approval of site and facility's appearance o d) Restriction of sales territory