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Worksheets20 MCQ
Total questions: 20
Worksheet time: 19mins
comprises human beings that carry out specific tasks or activities in a coordinated manner to achieve the organisation’s objectives. (a)
Based on Islamic entrepreneurship, people are appointed to be . (a)
refers to the amount invested in the company so that it can carry on its business activities. (a)
Which of these statements best describes the context for entrepreneurship?
Entrepreneurship takes place in small business.
Entrepreneurship takes place in large business.
Entrepreneurship takes place in a wide variety of contexts.
Entrepreneurship does not take places in social enterprises.
Which of the following statements is true about the definition of business, entrepreneur and entrepreneurship?
Entrepreneurship is a person, while an entrepreneur is a process of creating a new venture.
Entrepreneurship is a commercial activity or trade that purchases and sells products or services to make a profit.
Business is an occupation and buying and selling activities to make a profit, while an entrepreneur is a person who creates a new venture.
Entrepreneur is an occupation while a business creates a new venture under the condition of risks with entrepreneurial behaviour.
Entrepreneurs should be aware of the potential risk involved, except .
discouragement
systematic planning
difficulty in obtaining customer
risk of losing the entire investment
In Islam, wealth is considered a source of motivation. The following are the concept of wealth in Islamic entrepreneurship, except
Wealth is entrusted to man.
All wealth is ultimately owned by Allah SWT.
There is an abundance of resources and enough for everyone.
Maximizing profits is the ultimate aim for Muslim entrepreneurs.
Which of the following is not true regarding entrepreneurship’s evolution from
the Islamic perspectives?
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.
Entrepreneurship is an integral part of the Islamic religion. Thus, Islam has outlined the principles of Islamic Business as in the following, except
Transaction with riba
Offering good services
Applying honesty and trust
Protecting the right of sellers and buyers
There are several factors that motivate Muslim entrepreneurs, as suggested by Ahmad Al-Qurthubi. Which of the following has the same meaning as “spiritual happiness”? (a)
“The entrepreneur is seen as a knowledgeable individual and is instrumental in the development of a city-state where enterprise emerges”. This statement of entrepreneurship theories is mentioned by . (a)
The following are the characteristics of successful entrepreneurs, except (a) .
Which personal characteristics of successful entrepreneurs reflect that successful entrepreneurs want to make their decisions, set their schedules and can work without supervision? (a)
Which one is an advantage of being an entrepreneur?
Uncertainty of income
Long hours and hard work
Risk of losing entire invested capital
Become spectacularly wealthy as an opportunity to contribute to society
Which all the following is false about digital business?
Generally, it has a lower overhead cost.
Web presence as a store 24 hours on the internet.
Marketing programs include blogs, attention to social media and content ads.
Business has a physical presence, and it serves people locally, providing
services or products.
Which one is false?
People start their firms to evade financial rewards.
Be your own Boss is one of the advantages of being an entrepreneur.
One of the disadvantages of being an entrepreneur is complete responsibility.
Rags to riches stories can reflect the business founder’s creativity, ingenuity, hardworking and dedication to the business.
Which of the following has been registered under sole proprietorship? (a)
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.
Which of the following is true about partnership?
The business name must include “Sendirian Berhad”.
The tendency of disagreements and conflicts to happen is low.
Financial reports need to be published and checked by authorized auditors.
All partners jointly share responsibility for the success or failure of the business.
ABM Global Venture was founded by Mr Abdullah bin Mohamad in 1975. The business is staying competitive in the industry. It is currently managed by Mr Ahmad bin Abdullah, the first son of Mr Abdullah bin Mohamad with assistance from her sister, Mrs Mardhiah bin Abdullah. ABM Global Venture can be categorized as . (a)
