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Entrepreneurship refers to

• The process of creating something new with value of devoting the necessary time and effort

• the process of business expansion that creates wealth, a better standard of living and conditions for national development.

• The creation and business expansion process that creates wealth, a better standard of living, and conditions for national development.

• the process of creating something new.

Personal Data Protection Act 2010 is

• an act enacted by the Malaysian government in 2010 to protect individuals’ personal data in commercial transactions.

• a law which was enacted to establish the Intellectual Property Corporation of Malaysia and to provide for its functions and powers and for matters connected therewith

• a certificate of approved registration.

• a statutory declaration of compliance.

Based on Islamic entrepreneurship, people are appointed to be               .

• humble

• khalifah

• dependent

• greedy

Which of the following is not true regarding entrepreneurship’s evolution from the Islamic perspective?

• Muslims are responsible for all the properties given to them.

• The main objective of the business is to fulfil “fardhu kifayah”.

• There should be a separation between the religion (Islam) and other activities.

• Islam discourages Muslim entrepreneurs to accumulate their properties by ignoring others.

Which of the following statements about the partnership form of business under the Registration of Business Act 1956 is correct?

• Partners are personally liable for the debts of the enterprise.

• Business can be inherited

• Maximum of 50 partners

• Registration fees based on paid capital

The following are characteristics of a company, except

• Limited liability

• Separate Entity

• Cannot issue stocks to gain funds

• Expensive registration fees

Which one is the advantage of being an entrepreneur?

• Income uncertainty

• Risk of losing investment

• Contributed to society

• Long hours and hard work

Which of the following is a characteristic of a Private Limited Company?

• There is no maximum limit in terms of membership.

• It shows its status by using the word “Berhad” or “Limited”.

• The company raised its capital by selling shares to the public.

• Maximum members are 50

The main objective of The Intellectual Property Corporation of Malaysia Act 2002 is to

• strengthen the intellectual property laws.

• provide advisory services on entrepreneurship matters.

• establish strong and effective networking among entrepreneurs.

• promote public awareness of the importance of entrepreneurship property.

Factors that affect consumer buying pattern via online are:

• Physical premises and location

• Skills and knowledge

• Testimonials and information of product offered

• Capital and experience