Cyberpreneurship - Chapter 1

Two (2) types of entrepreneurial idea sources.

• Primary

• Premier

• Secondary

• Selection

Identify the differences between entrepreneur and small businessman. One of the difference is time. Why it happened?

• Small businessman has much capital to run the business.

• Small businessman engages in business activities to gain profit.

• Entrepreneur always keeps himself with any technological changes.

• Entrepreneur spends unlimited times in studying how to satisfy client needs and wants.

Choose the BEST definition to describe cyberpreneurs?

• A person who sell his/her own product

• A person who sell computer’s software and device

• A person who involve in development of cyber cafe

• A person who sell product through internet and information technology

Primary sources refers to original data that is gathered and evaluated.

• True

• False

Information that has been gathered by researchers and recorded in publications is known as secondary sources.

• True

• False

Primary sources of business idea data or information can be gathered directly through ______________.

• Observation

• Research article

• Experiment

• Books

"An individual sitting at a selected location everyday for a week and counting the number of pedestrians and cars that pass by. From this number, it can be estimated whether the location is suitable for business operations."

Choose a suitable data gathering technique based on the statement.

• Experiment

• Observation

• Surveys

• Interview

Suitability of entrepreneurial ideas can be determine through _____________.

• Skills

• Capital

• Knowledge

• Interest

• Experience

"Years of exposure working as a CHEF at a HOTEL will enable the individual to set up and operate a restaurant on his own."

The above statement reflects the suitability of entrepreneurial ideas based on ________________.

• Capital

• Interest

• Idea

• Experience

A business opportunity must be consistent so as not to oppose the society’s acceptance in terms of consumer’s values, norms and culture.

• True

• False