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INTRODUCTION TO ENTREPRENEURSHIP

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

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

a)

TRUE

b)

FALSE

2.

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

a)

TRUE

b)

FALSE

3.

Entrepreneurship is a process of innovation and new

venture creation through four major dimensions

a)

TRUE

b)

FALSE

4.

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

a)

TRUE

b)

FALSE

5.

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

a)

TRUE

b)

FALSE

6.

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

a)

TRUE

b)

FALSE

7.

According to Carl Menger, the four (4) factors of productions are: Land, labor, capital and entrepreneur

a)

TRUE

b)

FALSE

8.

Entrepreneurs are individuals who actively form or lead their own business and growth for profit maximization.

a)

TRUE

b)

FALSE

9.

Islam encouraged its ummah to venture into

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

in business

a)

TRUE

b)

FALSE

10.

The process of entrepreneurship or business development

is usually static.

a)

TRUE

b)

FALSE