Entrepreneurship Quiz

What is the primary goal of entrepreneurship?

• Avoiding financial risks

• Setting up charities

• Making a profit while addressing needs

• Following traditional job roles

Which type of business ownership is the simplest in Malaysia?

• Sole proprietorship (Enterprise)

• Partnership (Partnership Firm)

• Private limited company (Sdn. Bhd)

• Public limited company (Bhd)

Which agency supports agricultural business financing in Malaysia?

• MARA

• Agro Bank

• MATRADE

• MITI

What is the purpose of the Business Model Canvas?

• To track financial performance

• To visualize and develop business models

• To create marketing plans

• To measure employee productivity

Which agency focuses on digital economy development?

• MDEC

• MIDF

• Agro Bank

• MARA

What is a primary feature of a niche market?

• High competition

• Broad customer base

• Specialized products or services

• Low customer engagement

Which activity helps build customer relationships?

• Creating advertisements

• Offering after-sales support

• Raising capital

• Conducting market research

Which pricing mechanism involves bidding?

• Fixed menu pricing

• Real-time market pricing

• Auction pricing

• Dynamic pricing

What is a key activity for startups?

• Managing legacy systems

• Identifying opportunities

• Maintaining current market position

• Avoiding innovation risks

Why is entrepreneurship important for a country?

• It reduces imports

• It supports national economic progress

• It eliminates competition

• It focuses on traditional jobs