ENT300-Individual Quiz

Definition and Concept of Entrepreneur

• Question: According to Barringer & Ireland (2012) and Hisrich, Peters & Shepherd (2010), an entrepreneur is best described as:

• • A) A person who primarily focuses on profit maximization

• • B) A government official managing economic policies

• • C) A person who explores, identifies opportunities, and organizes resources to maximize these opportunities

• • D) An employee who follows established procedures in a large corporation

Islamic Entrepreneurship Principles

• Question: According to the chapter, which is not a principle of Islamic Entrepreneurship?

• • A) Business activity is part of Ibadah or “good deed”

• • B) Entrepreneurship is discouraged in Islam

• • C) Islam encourages its ummah to venture into business

• • D) Islamic Entrepreneurship operates within the domain of the Islamic Economic system

Types of Entrepreneurship

• Question: Which of the following is NOT a type of entrepreneurship mentioned in the chapter?

• • A) Corporate Entrepreneurship or Intrapreneurship

• • B) Technology Entrepreneurship

• • C) Social Entrepreneurship

• • D) Reactive Entrepreneurship

According to Abraham Maslow's Theory of Needs, which level of need is considered the highest?

• A) Safety Needs

• B) Physiological Needs

• C) Self-Actualization

• D) Esteem Needs

Creativity Process

• Which is a stage in the process of creativity in entrepreneurial ventures?

• • A) Idea rejection

• • B) Idea generation

• • C) Following trends

• • D) Risk elimination

Which of the following is NOT listed as a Personal Entrepreneurial Competency (PEC) by McClelland and McBer (1985)?

• A) Assertiveness

• B) Efficiency Orientation

• C) Risk Avoidance

• D) Information Seeking

Opportunity Development Process

• Question: What is the first stage in the Opportunity Development Process?

• • A) Evaluating Opportunity

• • B) Implementing Opportunity

• • C) Selecting Opportunity

• • D) Identifying Opportunity

SWOT Analysis

• Question: In a SWOT Analysis, what does the 'T' stand for?

• • A) Techniques

• • B) Targets

• • C) Threats

• • D) Trends

Business Model Canvas (BMC)

• Question: Which of the following is NOT a component of the Business Model Canvas?

• • A) Customer Relationships

• • B) Key Partnerships

• • C) Value Propositions

• • D) Financial Projections

Small and Medium Enterprises (SMEs)

• Question: According to SME Corporation Malaysia, what is the maximum sales turnover for a Small Enterprise in the manufacturing sector?

• • A) Less than RM300,000

• • B) RM15 million to RM50 million

• • C) RM300,000 to less than RM15 million

• • D) More than RM50 million