C1: Introduction to Entrepreneurship

What is the definition of an entrepreneur according to Barringer & Ireland?

• A person who manages a large corporation

• A person who explores the environment for opportunities

• A person who only works in government

• A person who avoids taking risks

Which of the following is NOT a reason to become an entrepreneur?

• Being a boss

• Financial reward

• Examining own ideas

• Job security

What does entrepreneurship involve beyond creating a new business?

• Managing existing businesses

• Only focusing on profit

• Avoiding risks

• Innovative ways of conducting business

What is Corporate Entrepreneurship also known as?

• Technology Entrepreneurship

• Intrapreneurship

• Small Business Entrepreneurship

• Social Entrepreneurship

What is the focus of Technology Entrepreneurship?

• Social change

• Corporate management

• Non-profit organizations

• Technology-intensive business opportunities

Which type of entrepreneurship focuses on social change?

• Technology Entrepreneurship

• Corporate Entrepreneurship

• Traditional Entrepreneurship

• Social Entrepreneurship

What is the sales turnover range for a Small Enterprise in manufacturing?

• More than RM50 million

• RM15 million to RM50 million

• RM300,000 to less than RM15 million

• Less than RM300,000

What is one of the eight principles of Islamic Entrepreneurship?

• Profit maximization

• Integral part of religion

• Avoiding all risks

• Focus solely on financial gain

According to Islamic principles, what should be the primary motivation for entrepreneurs?

• To gain fame

• To fulfill fardhu kifayah

• To achieve financial success

• To compete with others

What does 'Ibadah' refer to in the context of Islamic Entrepreneurship?

• Business secrecy

• Business competition

• Business as part of good deeds

• Business as a means of profit