CHAPTER 2 (BUSINESS IN ISLAMIC PERSPECTIVE)

Marketing product value for customer importance for islamic business.

• true

• false

Each individual in an islamic society enjoys complete freedom in earning his livelihood with the syariah laws.

• true

• false

A muslim entrepreneur should be lenient and generous in bargaining.

• true

• false

Wealth created by God is plentiful and more than enough for everyone.

• true

• false

Islam allows a muslim businessman to display the best product on top of the container and hiding the bad ones at the bottom.

• true

• false

Which of the following marketing activities is DISALLOWED in Islam?

• Avoiding the element of injustice in pricing product

• Offering product and services that are permissible by syariah

• hiding defects of goods during the buying and selling process

• Ensuring the right amount of quantity is delivered to the customer.

All of the following are concepts of Islamic business EXCEPT ......

• valid contract terms of syariah

• exchange goods with goods or money

• mutual agreement between seller and buyer

• monopoly system to ensure individual wealth

Forcing a customer to buy certain product is against the principle of islamic business because ...........

• the seller is not been to earn legitimate earning

• the seller is not trustworthy in business transaction

• there is no mutual consent between the seller and buyer

• the seller is not generous and lenient towards his customer

Which of the following is an importance of islamic business?

• help people to become a milionaire

• business is involved with usury and oppression

• enable the rich to become richer and poor become poorer

• encourage people to do the business with good ethical foundation.

"This referred to as usury, or the charging of unreasonably high-interest rates, or which refers to the simultaneous exchange of goods of unequal quantities or qualities".

This statement can best be referred as .....

• sadaqah

• riba'

• profits

• ibadah