ENT Tutorial Assignment

One of the advantages of e-commerce is ________.

• faster and easier transaction

• helps in environmental conservation

• reduce competition among sellers

• increase turnover in small firms

Entrepreneurship refers to ________.

• the process of creating wealth by offering something new to the market

• the process of handling staff and assets in an appropriate way

• the process of selling product to the market

• the process of creating something new for the community

ü  running business using internet

ü  online-based business

ü  no need for office to operate the business

ü  has customers and staff all over the world

Above characteristics explaining about _______.

• copreneurs

• technopreneur

• intrapreneur

• cyberpreneur

Capital can be represented by ________.

• inventory

• equipment & machinery

• cash

• all above

Management is a process of _________ the organization’s resources.

• planning, leading, coordinating and adjusting

• planning, leading, organizing and controlling

• planning, distributing, locating and conducting

• planning, organizing, locating and monitoring

The top level managers needs to have ________ the most comparing to the other managers.

• marketing skills

• communication skills

• conceptual skills

• technical skills

As an entrepreneur, Arman is constantly learning, experimenting, changing and improving his business. This shows Arman has the characteristics of _______.

• action oriented

• always seeking to improve

• able to tolerate tedium

• able to identify opportunities

A capital that used to buy the inventory, pay bills and pay employee salary is called ________.

• permanent capital

• working capital

• growth capital

• contingency capital

Listed below are the roles of Small Medium Enterprise (SME), EXCEPT:

• source of innovation and creativity

• test ground for entrepreneur

• career opportunities for productive individuals

• reduce inflation

Opportunity cost means ________.

• the cost of buying raw materials and utilities

• the cost of forgoing the chance to earn interest on investment funds

• the cost that remains the same no matter production is conducted or not

• the costs of providing goods or services other than direct labor and direct material