POP QUIZ ENT300

The three primary reasons that people become entrepreneurs and start their own firms?

• do what they were "born" to do, be their own boss, and gain prestige

• gain prestige, realize financial rewards, and eliminate risk in their live

• realize financial rewards, be their own boss, pursue their own ideas

• take advantage of government subsidies, pursue their own ideas

What are the employment figures like for medium-sized businesses across service and other sectors?

• employees from 5 to less than 75

• employees from 75 to not exceeding 200

• employees from 5 to less than 30

• employees from 30 to not exceeding 75

Abraham Maslow's Theory of Needs, proposes that human motivation is driven by a hierarchical

• physiological, safety, belonging, love, esteem needs, & self-actualization needs

• hierarchy may not apply universally to all individuals or cultures.

• esteem needs

• safety needs

Which is an example for the Douglas McGregor’s Theory Y

• managers believe their employees lack creativity & work for a paycheck

• managers take pessimistic of their people & assume that they are dislike work

• employees dislike work and job responsibilities & avoid work if possible

•    employees enjoy work and want to see the organization succeed

When employees receive praise or rewards for reaching goals or producing high-quality work, they receive

• Individual growth and development

• Job advancement

• Recognition for job

• The work itself

Key resources is one of the elements in the Business Model Canvas. There are four categories for the key resources which consists of_______________.

• asset resources, financial resources, human resources, physical resources

• cost resources, physical resources, customer resources, financial resources

• revenues resources, cost resources, physical resources, intellectual resources

• intellectual resources, physical resources, human resources, financial resources

The internal component of a SWOT analysis evaluates_______________ of the business

• strengths and opportunities.

• strengths and weaknesses

• threats and opportunities

• threats and weaknesses

Which of the following business formation has the lowest business risks?

• Starts from scratch

• Buy an existing business

• Family business

• Acquiring a franchise

Companies Commission of Malaysia (SSM) is a statutory body under the ______________.

• Ministry of Entrepreneur Development and Cooperatives Development

• Ministry of International Trade and Industry

• Ministry of Domestic Trade and Consumer Affairs

• Ministry of Primary Industries

Below are the examples of Employment Policies and Regulations EXCEPT _________.

• Employment Act 1955

• Employer Provident Fund

• Social Security Organisation

• Employment of Local Workers