In Islamic Entrepreneurship, entrepreneurs are “Khalifah” that performs duty for development of “Ummah”. Hence, every business activity is “Ibadah” that fulfill the “fardhu-kifayah” in the World and hereafter.

• TRUE

• FALSE

A person who searches for an answer when dealing with problem is said to have high competency in ................

• Information seeking

• Sees and acts on opportunities

• Persistence   

• Systematic Planning 

Entrepreneurs are individuals who passively form or lead  their own business

• TRUE

• FALSE

High need for affiliation (n Aff) has mostly been associated with individual whose desire in life is  to establish, maintain or renew affective relationship with others.

• TRUE

• FALSE

Initiative is one the Personal Entrepreneurial Competencies.

• TRUE

• FALSE

In the creativity process the discovery of ideas or solutions to the problems is involved in the following phase: 

• Background or knowledge accumulation 

• Incubation process

•  Idea experience

• Evaluation and implementation

Lateral thinking technique is a process of generating ideas based on the principle of suspending judgments.

• TRUE

• FALSE

The answers below are taxes imposed in Malaysia EXCEPT

• Company Tax

• Partnership Tax

• Personal Tax

•  Sales Tax

Which of the following is NOT a type of fee that involves in the agreement between a franchisor and franchisee.

• Royalty fee

• Advertising/Promotional fee

• Loyalty Fee

•  Franchise fee

Sole proprietorship and partnership are non-incorporated businesses.

• TRUE

• FALSE