20 MCQ

                                comprises human beings that carry out specific tasks or activities in a coordinated manner to achieve the organisation’s objectives. (a)  

• Risk taker
• Term loan
• Community value
• Business organisation

Based on Islamic entrepreneurship, people are appointed to be         . (a)  

• greedy
• humble
• khalifah
• dependent

         refers to the amount invested in the company so that it can carry on its business activities. (a)  

• Capital
• Legality
• Competitors
• Target market

Which of these statements best describes the context for entrepreneurship?

• Entrepreneurship takes place in small business.

• Entrepreneurship takes place in large business.

• Entrepreneurship takes place in a wide variety of contexts.

• Entrepreneurship does not take places in social enterprises.

Which of the following statements is true about the definition of business, entrepreneur and entrepreneurship?

• Entrepreneurship is a person, while an entrepreneur is a process of creating a new venture.

• Entrepreneurship is a commercial activity or trade that purchases and sells products or services to make a profit.

• Business is an occupation and buying and selling activities to make a profit, while an entrepreneur is a person who creates a new venture.

• Entrepreneur is an occupation while a business creates a new venture under the condition of risks with entrepreneurial behaviour.

 

Entrepreneurs should be aware of the potential risk involved, except                    .

•  

  discouragement

• systematic planning

• difficulty in obtaining customer

• risk of losing the entire investment

In Islam, wealth is considered a source of motivation. The following are the concept of wealth in Islamic entrepreneurship, except

• Wealth is entrusted to man.

• All wealth is ultimately owned by Allah SWT.

• There is an abundance of resources and enough for everyone.

• Maximizing profits is the ultimate aim for Muslim entrepreneurs.

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

the Islamic perspectives?

• 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.

Entrepreneurship is an integral part of the Islamic religion. Thus, Islam has outlined the    principles of Islamic Business as in the following, except

• Transaction with riba

• Offering good services

• Applying honesty and trust

• Protecting the right of sellers and buyers

There are several factors that motivate Muslim entrepreneurs, as suggested by Ahmad Al-Qurthubi. Which of the following has the same meaning as “spiritual happiness”? (a)  

• Sa’adah
• Taufiq
• Jannah
• Qana’ah