Entrepreneurship Quiz

What are basic enterprise skills also known as?

• Management skills

• Technical skills

• Entrepreneurial skills

• Soft skills

Which of the following is a characteristic of MSMEs in Brunei?

• Employment generation

• High capital investment

• Large-scale production

• Foreign ownership

What is the main contribution of MSMEs towards economic development in Brunei?

• Environmental sustainability

• Promotion of foreign investment

• Employment generation

• Infrastructure development

What is the primary purpose of conducting market research when starting a business?

• To avoid legal issues

• To reduce competition

• To understand customer needs

• To increase taxes

Which of the following is NOT a step involved in starting a business?

• Register Your Business

• Develop a Marketing Strategy

• Hire Employees

• Secure Funding

What fundamental issue leads to economic problems?

• Unlimited resources

• Scarcity of resources

• Abundance of resources

• Equal distribution of resources

What are 'wants' in the context of economic problems?

• Government regulations

• Desires beyond necessities

• Social responsibilities

• Basic necessities

What is the main focus of opportunity cost in business decision-making?

• Short-term gains

• Employee satisfaction

• Long-term planning

• Market competition

What is the purpose of exploring and discussing the essential characteristics of a successful product?

• To reduce customer satisfaction

• To understand market demand

• To increase production costs

• To enhance product quality

Which of the following is NOT a type of business in Brunei?

• Public Limited Company

• Sole Trader

• Franchises

• Partnerships