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WorksheetsENTREPRENEURSHIP(BUS3234/DME3234/ACC3238) TOPIC 1
Total questions: 30
Worksheet time: 19mins
Entrepreneurship refers to ___________________
the process of creating something new with value by devoting the necessary time and effort
the process of business expansion that creates wealth, a better standard of living and conditions for national development
the process of creation and business expansion wealth, a better standard of living and conditions for national development,
the process of creating something new
What is the meaning of online marketing communication?
Marketing tools are used to increase awareness of a site and potentially boost traffic
Information is sent to only those people who have expressed at one time or other an interest in receiving the message from the advertiser
Method used by online firms to communicate with the consumers and to create strong brand expectation
Method include special events such as grand opening, press coference and publications,
Entrepreneurs are different from businessman because _________
they maximize profits by providing various good and services
they always try to upgrade their life
they try to contribute toward economic development of the country
they try to overcome competitors using various ways
Choose the statement that is NOT suitable to the entrepreneurship concept _____________
Entrepreneur always think of profit
Entrepreneur distributes item
Entrepreneur tries to develop the business
Entrepreneur is the efficient in doing is doing his job
Which of the following statements indicates the main differences between a businessman and an entrepreneur?
A businessman aims for profit but an entrepreneur prefers to gain experience
A businessman is involved in trading activity but an entrepreneur is involved in production
An entrepreneur always has new ideas and tries to expand his business, but a businessman sells existing products
An entrepreneur gives priority to quantity, but a businessman gives priority to quality
'Risk-taker' in entrepreneurship means
bravely continuing the project even when attaining profit is not certain
willing to take calculated risk
continuing the project albeit experiencing loss
bearing maximum loss
The following are the functions of online marketing communication, except
electronic version of an online catalogue includes colour images of each available product, description of the item, size, colour, material composition and pricing information
it is used to strengthen the firm's brand by informing the consumer about the product features
it promotes sales by directly encouraging the consumer to buy the product sooner or later
it suggests the consumer to 'buy now' and makes offer to encourage immediate purchase
The term ' entrepreneurship' refers to
the process of creating with value by devoting the necessary time and effort
the process of creating something new with value by devoting the necessary time and effort
the process of creating something new with value by devoting the necessary time and effort, and assuming the accompanying financial and physical aspects
the process of creating something new with value by devoting the necessary time
A person who organizes, manages and assumes the risk of starting a business a called __________
a purchasing agent
a change
a facilitator
an entrepreneur
An entrepreneur who is involved in technological changes in producing goods and services is called a _______________
a technoprenuer
a cyberpreneur
an intrapreneur
a copreneur
The term 'entrepreneurial competencies' refers to ________________________
key characteristics possessed by a successful entrepreneur in performing entrepreneurial functions effectively
the process that leads to the setting up of a business entity
the step by step plan to achieve business goals
entrepreneur skills in identifying new and potentially unique ideas to achieve his goals
Entrepreneurship involves creating something new and of value to entrepreneurs and the consumers for which it is targeted to. What is the basic aspect of entrepreneurship in this statement?
Acceptance of risks
The creation process
Devotion of time and effort
Monetary and non-monetary rewards
The following actions are examples of an entrepreneurial competency known as information-seeker, except :
conducting research on how to produce products or services
consulting experts to get relevant information
seeking information to clarify customer needs
taking repeated actions to overcome obstacles
Which of the following are methods of online marketing communication? I. Direct email marketing
II. Online catalogues
III.Public relations
I only
II and III
I and II
I, II and III
The key to effective direct e-mail marketing is__________________
buy now
interested users
easy to buy
offer of product
The Malaysian government has been encouraging and supporting entrepreneurial development through various strategies EXCEPT
the New Economic Policy (1971-1990)
the National Development Policy (1990-2000)
the Family Planning Policy
Vision 2020
An entrepreneur is one who __________________
is willing to attempt implementing a business concept and then gives up of it does not meet immediate expectations
understands the process of developing an idea and does not need to understand what it means to bring that idea to a viable business concept
knows that the concept he is develop will result in a profitable business
creates a new business concept for the purpose of achieving profit and growth by assembling the necessary resources to capitalize on identified opportunities
An entrepreneur typically possesses _______________
the ability to access capital easily
a set of unique skills, usually accompanied by advances degrees in several areas
a high level of commitment, tolerance of ambiguity, flexibility and tenacity
specialized technical abilities
The following are entrepreneurial actions that help entrepreneurs to become successful, except
maximizing the benefits obtained from available opportunities
taking full responsibility for the completed work
minimizing resource utilization
determining performance targets on one's own
The importance of information and communication technology (ICT) to entrepreneurs is to _____________
attract very few customers
enable the company to be visited without time restrictions
immediately get a customer to buy their product
maximized management costs
There is no universally accepted definition of an entrepreneur
True
False
An entrepreneur demonstrating a high level of commitment towards work agreement will continuously strive to overcome the hurdles that hinder the achievement of goals
True
False
An entrepreneur is an extreme risk taker (gambler)
True
False
A technopreneur is an entrepreneur who involves himself in technology in producing goods and services for his organization
True
False
A successful entrepreneur usually prefers to take high risks
True
False
An entrepreneur organizes, manages and assumes the risks of a business
True
False
The opportunity to reap impressive profits is the primary motivation for most entrepreneur.
True
False
A successful entrepreneur would focus on the future and be sensitive towards any changes
True
False
Money is the symbol of a non-monetary reward to an entrepreneur
True
False
The attitudes than an entrepreneur should possesses are law, management, economics, values, business and culture
True
False
