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Jean Babtiste Say proposed that an entrepreneur is a person who shifts resources from an area of high productivity to low productivity.

• TRUE

• FALSE

Richard Cantillon defines entrepreneurs as a person who undertakes risk in order to maximize profit.

• TRUE

• FALSE

Entreprenuer is the person who owns and run a business while entrepreneurship is the process of establishing a business.

• TRUE

• FALSE

Creation of new product value is an activity related to entrepreneurship.

• TRUE

• FALSE

In Islamic entrepreneurship, there is separation between business and religion.

• TRUE

• FALSE

Islam encouraged its ummah to venture into

business as 9 out 10 source of rizque reski can be found

in business

• TRUE

• FALSE

Entrepreneur is defined as…

• he who is willing to work in an organization

• he who punches his competitor face in order to win

• he who accepts risks and opportunities of creating, operating and growing a business

• he who is very good in drawing products

An entrepreneur who is involved in technological changes in producing goods and services is called a

• Copreneur

• Intrapreneur

• Technopreneur

• Computerenuer

What are the three primary reasons that people become entrepreneurs?

• Desire to pursue own ideas, financial reward, desire to be a market leader

• Desire to be own boss, desire to work for a large corporation, financial reward

• Desire to be own boss, desire to pursue own ideas, financial reward

• Desire to work for a large corporation, desire to pursue own ideas, financial reward

What is the economic impact of entrepreneurial firms?

• Reduction in job opportunities

• No impact on society

• Innovation and job creation

• Decrease in new products and services