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WorksheetsREVISION ISC500
Total questions: 21
Worksheet time: 14mins
Meaning of entrepreneur
serious person who conduct business everyday and want to maximize energy
person who get salary paid every month from employer
innovative person who maximizes his profits by following new strategies or venturing into new products or services
How Much Profit Margin in Islam?
Can't take a profit
50% from revenues
no specific ruling
Meaning of breakeven analysis
cost and expenses are equal
to determine how much sales volume your business needs to start making a profit.
business plan
Example of Fixed expenses/ cost in break-even analysis
Rent
utility usage
Cost raw materials
Demand is based on needs and wants—a consumer may be able to differentiate between a need and a want, but from an economist’s perspective they are the same thing. Demand is also based on ability to pay. If you cannot pay for it, you have no effective demand.
TRUE
FALSE
WHAT IS BUSINESS PLAN?
Business idea
Blue print document
Business venture
BUSINESS PLAN PROCESS:
Idea creation, Planning process, external scanning, Project report preparation, Evaluation, control and review
Idea generation, Environmental scanning, Feasibility analysis, Project report preparation, Evaluation, control and review
Idea creation, Internal scanning, Planning process, Project report preparation, Evaluation, control and review
What is the SME stand for?
Society of Manufacturing Entrepreneur
Social Medium Employees
Small Medium Enterprise
Contract of Debt Financing
Musyarakah
Mudarabah
Murabahah
cost-plus contract refer to:
Tawaruq
Murabahah
Salam
Meaning of Venture capital
a pool of equity capital
a fund of entrepreneur
a money of investor
(a) usually carry voting rights that enable the shareholder to have a say in corporate meetings (annual general meeting)
Why a Company Issues Shares?
Raising capital
Borrowing money
Equity financing
Majlis Amanah Rakyat, is a Malaysian government agency. It was formed to aid, train, and guide Bumiputra in the areas of business and industry. MARA was formed on 1 March 1966 under the Rural and National Development Ministry.
True
False
The role of SME Corporation to coordinate the policies and programs for SMEs
True
False
Which of the following included as a basic idea in the definition of Entrepreneurial opportunities?
i. Creation of new products
ii. Profit
iii. Involves entry into new markets
iv. Customer satisfaction
i and ii
i, ii and iii
i,ii and iv
all above
Which of the following is intangible business property?
Equipment
Plant
Trademark
Which of the following is a building block in BMC:
i. Customer segment
ii. value proposition
iii. Marketing channel
iv. key activities
i and ii
i, ii, and iii
ii, iii and iv
i, ii, iii and iv
In BMC, the value propositions can benefit consumers by:
Increasing profits for businesses
Solve customer problems and satisfy customer needs
Communicate an appealing benefit and quality
The cost that remains unchanged irrespective of the output level or sales revenue, refer to:
Variable cost
Fixed cost
Replacement cost
Determine B.E.P in units.
Fixed cost is RM 5000,
Selling price is RM 30 per unit and
Variable cost RM 20 per unit.
300
500
450
700
