Entrepreneurship Quiz

What is the definition of an entrepreneur?

• A person who teaches business courses

• A person who works in a company

• A person who undertakes to do a job

• A person who enjoys most of the rewards

According to Adam Smith, what does an entrepreneur do?

• Acts as an agent in transforming demand into supply

• Is a prime mover in private enterprise

• Creates new business ventures

• Shifts resources from low productivity to higher productivity

What is the main reward of being an entrepreneur?

• Independence

• Job security

• Health benefits

• Paid vacation

What is the assumption of necessary risks in entrepreneurship related to?

• Physical fitness

• Technical skills

• Financial, psychological, and social areas

• Emotional intelligence

What is the importance of entrepreneurship in society?

• Decreases product quality

• Slows down national development

• Improves the lifestyle of the society

• Reduces job opportunities

What is a characteristic of a successful entrepreneur?

• Commitment & determination

• Lack of responsibility

• Resistance to change

• Lack of motivation

In Islamic perspective, what is entrepreneurship considered as?

• A separate entity from religion

• Forbidden by religious laws

• An integral part of the religion

• Not relevant to religious beliefs

What is the role of a good Muslim entrepreneur in conducting business activities?

• Disregarding customer needs

• Focusing only on profit

• Ignoring ethical guidelines

• According to Islamic principles and conducts

What is the main motivation for an entrepreneur in Islamic perspective?

• Success is not important

• Success is measured by the end result only

• Success is measured by the means of achieving goals

• Success is measured by monetary gains

What is the main guideline for Islamic entrepreneurs' business activities?

• Based on Al-Quran and Al-Hadith

• Based on personal preferences

• Based on market trends

• Based on competitors' strategies