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WorksheetsTopic 2 (b)
Total questions: 15
Worksheet time: 45mins
Successful entrepreneurs have a strong desire to be their own boss.
True
False
Focus Point, Daily Fresh are the example of franchising businesses in Malaysia.
True
False
One of the disadvantage of franchising business is __________.
proven business model
high start-up cost
provide management training
well-known brand name
If you have plan to start a business, what could be the MOST important source of money for your new business?
Bank loan
Venture capital companies
Personal resource
Loan from family and friends
What is the franchise fee of CoolBlog that you (franchisee) have to pay to the franchiser?
(a)
Venture capital company is a __________________.
government regulated investment company that borrows money from the government and invest in on small businesses
group of small investors who invest money in companies with rapid growth potential
company established by banks to lend to small businesses.
First mover advantage is a concept explains that the first in the market will make the most money.
True
False
Franchisees may have to contribute a percentage of sales to the franchiser.
True
False
Which one of the following is the MOST important recent trend in small business start-up?
Crossover from big businesses.
Emergence of E-commerce.
Opportunities for minorities and women.
Covid19 pandemic situation.
Weak control system is one of the reason for small business failure.
True
False
A sole proprietorship will be owned and operated by one ore more people.
True
False
David and Ram are planning to invest in a small business. They plan to share responsibilities in management and also the debt associated with the business. Which one of the following form of ownership that you will recommend to them?
Sole Proprietorship
General Partnership.
An investor who plays no role in the management of the business is known as _________.
director
general partner
silent partner
sole proprietor
Select the type of corporation in which, the stock is widely available for the purchase of many investors.
Closely held
Publicly held
Limited liability
Professional
Which one of the following is considered as a key element of entrepreneurship?
Business plan
Risk
Goal
Aspiration
