QUIZ (1) ENTREPRENEURSHIP DQ SEM 5/2021

Entrepreneurship can be defined as

• the activity of helping people and taking financial risks in the hope of preventing loss.

• the activity of helping people and avoiding financial risks in the hope of preventing loss.

• the activity of setting up a business or businesses and taking on financial risks in the hope of making profit.

• the activity of setting up a business or businesses and avoiding financial risks in the hope of making profit.

Which of the followings are TRUE about entrepreneurship?

I. Entrepreneurs are key players or providers that produce, transport or sell products and services to consumers.

II. Entrepreneurs create new products, take risks in investing money and make the products available to customers.

III. New and improved products are continuously developed to replace older products, and these products have enhanced the standard and quality of life of the society.

IV. A society that has a great entrepreneurial culture will be less productive, competitive and prosperous.

V. Many successful entrepreneurs have become very rich when their small businesses grow into big corporations.

• I, II, IV and V

• I, III, IV and V

• I, II, III and V

• I, II, III, IV and V

Which of the followings are best describe the major necessary components in the entrepreneurial process?

I. Hakeem is an entrepreneur who is the founder of Barakah Enterprise.

II. Hakeem can seize and act on an opportunity.

III. Hakeem works in a silo and he will package a viable offering to customer using available resources.

IV. In a team, Hakeem will package a viable offering to customers using available resources.

• I, II, and III.

• II and IV

• I, III and V

• I, II, III and IV

Which of the following statements is NOT true about the characteristics and attributes of entrepreneurs?

• Communicative and persuasive ability to influence others.

• Opportunity orientation towards future goals, aspiration and vision.

• Creative, innovative, resourceful and possess high level of initiative.

• Ability to take low risk, exhibit tolerance for ambiguity and ability to reject failure.

Ihsan is keen to learn more about the above businesses. He plans to venture into the _________ entrepreneurship.

• digital

• franchise

• corporate

• conventional

As CEO of DEVISE, Jefri began his business as a web design and marketing firm which eventually transformed into an entity that creates, markets, monetizes and then eventually sells websites. Jefri’s business related to which of the following category of entrepreneurship?

• Digital.

• Franchise.

• Corporate.

• Public sector.

Muhammad Yunus is the founder of Grameen Bank, an institution that provides microcredit loans to those in need to help them develop financial self-sufficiency. His entrepreneurial activity represents ________entrepreneurship.

• social

• cooperative

• conventional

• public sector

The Timmons Model of Entrepreneurial Process best describes the four major necessary components in venture creation EXCEPT

• team

• founder

• resources

• marketing

An understanding of the historical perspectives and the rationale of the various government policies on the development of entrepreneurship in Malaysia is a necessary requisite for Malaysians to understand the country’s _________ history and challenges, so as to enable them to contribute towards building the nation.

• economic

• religious

• social

• psychological

__________ which refer to the indigenous people of Malaysia and mainly include Malays, Kadazans, Ibans and a few others, have been left far behind in terms of their economic fortunes and their participation in the modern sector of the economy, particularly in commerce and industry, compared to the Chinese and Indians.

• Bumiputera

• Parliament

• Orang Asli

• Expats