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Total questions: 35
Worksheet time: 18mins
Entrepreneurship refers to
The process of creating something new with value of 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 creation and business expansion process that creates wealth, a better standard of living, and conditions for national development.
the process of creating something new.
Personal Data Protection Act 2010 is
an act enacted by the Malaysian government in 2010 to protect individuals’ personal data in commercial transactions.
a law which was enacted to establish the Intellectual Property Corporation of Malaysia and to provide for its functions and powers and for matters connected therewith
a certificate of approved registration.
a statutory declaration of compliance.
Based on Islamic entrepreneurship, people are appointed to be .
humble
khalifah
dependent
greedy
Which of the following is not true regarding entrepreneurship’s evolution from the Islamic perspective?
Muslims are responsible for all the properties given to them.
The main objective of the business is to fulfil “fardhu kifayah”.
There should be a separation between the religion (Islam) and other activities.
Islam discourages Muslim entrepreneurs to accumulate their properties by ignoring others.
Which of the following statements about the partnership form of business under the Registration of Business Act 1956 is correct?
Partners are personally liable for the debts of the enterprise.
Business can be inherited
Maximum of 50 partners
Registration fees based on paid capital
The following are characteristics of a company, except
Limited liability
Separate Entity
Cannot issue stocks to gain funds
Expensive registration fees
Which one is the advantage of being an entrepreneur?
Income uncertainty
Risk of losing investment
Contributed to society
Long hours and hard work
Which of the following is a characteristic of a Private Limited Company?
There is no maximum limit in terms of membership.
It shows its status by using the word “Berhad” or “Limited”.
The company raised its capital by selling shares to the public.
Maximum members are 50
The main objective of The Intellectual Property Corporation of Malaysia Act 2002 is to
strengthen the intellectual property laws.
provide advisory services on entrepreneurship matters.
establish strong and effective networking among entrepreneurs.
promote public awareness of the importance of entrepreneurship property.
Factors that affect consumer buying pattern via online are:
Physical premises and location
Skills and knowledge
Testimonials and information of product offered
Capital and experience
The importance of information and communication technology (ICT) to entrepreneurs is to
attract a limited number of customers
maximize advertisement cost
to deliver accurate information to customers
minimize the reach of customers
The following are the characteristics of successful entrepreneurs, except .
motivation to excel
high level of energy
intolerance to ambiguity
commitment and determination
The main differences between Entrepreneurs and Businessman is
Entrepreneurs always try to upgrade their lives.
Entrepreneurs try to overcome competitors using various ways.
Entrepreneurs maximize profits by providing various goods and services.
Entrepreneurs try to contribute towards the economic development of a country.
The following actions are examples of an entrepreneurial competency known as information- seeker, except
consulting experts to get relevant information
seeking information to clarify customer needs
taking repeated actions to overcome obstacles
conducting research on how to produce products and services
The main importance of social media for new entrepreneur is
to build community around your business.
to access capital easily.
to maximize management cost.
to specialized technical abilities.
The costs to start a new business are called start-up costs.
TRUE
FALSE
An entrepreneur usually does not have to work hard to make large profits
True
False
An entrepreneur owns, operates, and takes the risk of a business venture
True
False
Successful entrepreneurs are confident and able to make quick decisions when
necessary
True
False
The target market is the individuals or companies that are interested in a
particular productor service and are willing and able to pay for it
True
False
Business is a buying and selling activities while entrepreneur is a person who creates a new venture.
True
False
Entrepreneurship is a process that cannot be learned.
True
False
A successful company is determined by a matter of luck.
True
False
To be successful, a company must possess a unique and novel idea.
True
False
An entrepreneuer is an individual who manages an economic activity specifically in sponsoring, owning, managing and bearing the risks of business.
True
False
Generally, entrepreneurs have a stronger need to be in control of their own
fate.
True
False
Generally, entrepreneurs have a stronger need to be in control of their own
fate.
True
False
Behaviour is one of the eight principles of thought which mean entrepreneurial ethics based on exemplary conducts of Prophet Muhammad S.A.W.
True
False
E-commerce is the conduct of financial transactions by traditional systems.
True
False
Entrepreneurs take non-calculated risks
True
False
As an innovative seekers, innovation is the process of entrepreneurs convert business output into form of marketable idea.
True
False
Business is a profession , entrepreneur is a person while entrepreneurship is a process.
True
False
Al-Quran and Al-Hadis is a guidelines according to one of the eight principles of thought.
True
False
Business is not a buying and selling activities.
True
False
Adam Smith is an economist who also give a defintion to entrepreneurship.
True
False
