Bob's Better Burgers sells small business owners the rights to use the company's brand name in return for a lump-sum payment and a share of the buyer's profits. This practice is referred to as ?

A) exporting.

B) royalty facilitation.

C) offshoring.

D) franchising.

E) international licensing.

Karen is evaluating whether she has the right personality to be an entrepreneur. Which of the following characteristics should she have if she wants to succeed?

A) Tolerance of risk and uncertainty

B) Obsession with earning money

C) Commitment to work-life balance

D) Discounting of own weaknesses

E) Comfort with the status quo

Using his own money and resources, Leo—who had recently been laid off from his job—started a new business based on the innovative ideas that he himself had generated. This is an example of a(n) ?

A) bootlegging venture.

B) business incubation.

C) joint venture.

D) entrepreneurship.

E) diversification strategy.