E-entrepreneurship

The term “Entrepreneur” is derived from a French word which means _________.

• A. The process that leads to the setting up of a business entity

• B. The characteristics of a successful person

One advantage of becoming an entrepreneur is ____________________.

• Flexibility

• Financial freedom

• Lack of Control

Which is a characteristic of a successful entrepreneur? (hint: choose 3 correct answers)

• Motivated

• Takes very little risk

• Passionate

• Hard-working

What is a disadvantage of being an entrepreneur?

• You have more control over your work

• You have a more flexible schedule

• You do not always receive a regular paycheck

• Your work schedule is always predictable

The following are the characteristics of successful entrepreneurs, EXCEPT:

• Intolerance to ambiguity

• Motivation to excel

• Commitment and determination

When a borrower has to pay extra to the lender because of the late payment known as _____________.

• Gharar

• Bribe

• Riba'

• Maysir

Being a business man is one of the fardhu ______________.

• Ain

• Kifayah

One of the forms of business organization owned by a manager is __________ .

• Cooperative

• Corporation

• Partnership

• Sole Proprietorship

The following are disadvantages of a Partnership, EXCEPT:

• Unlimited liability

• Limited existence

• mutual agency of the partners

• larger sources of funds

A form of business organization wherein two or more persons bind themselves to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves is called _____.

• Cooperative

• Corporation

• Partnership

• Sole Proprietorship