WorksheetsMy Special Quiz
Total questions: 30
Worksheet time: 15mins
Successful entrepreneurs often ignore market research when making business decisions.
True
False
Digital marketing is definitely more inexpensive than traditional offline marketing strategies.
True
False
Individuals are held personally responsible for all business activities and must pay any debts or obligations of the business in a corporation.
True
False
Digital entrepreneurship involves leveraging new technologies and innovative approaches, including collaborations and partnerships with digital platforms, to create and capture value in new ways.
True
False
An understanding of intellectual property is not beneficial for businesses to become more competitive or protect innovative products and services.
True
False
The digital era is changing entrepreneurship by increasing barriers to new venture creation as a new way of designing and offering products and services.
True
False
A successful entrepreneur grabs or seizes opportunities continuously to make sure that his business sustained for a long time in the industry.
True
False
Privacy means willingness to share personally identifiable information is a major source of mistrust online.
True
False
A successful digital entrepreneur can rely solely on established digital marketing strategies without needing to innovate or adapt.
True
False
Digital entrepreneurs must continually adapt to technology trends and market demands to maintain competitiveness.
True
False
What is a benefit of entrepreneurship?
Inconsistent income
Extensive work hours
Risk of losing investment
Potential for significant personal and societal gain
“The entrepreneur is seen as a knowledgeable individual and is instrumental in the development of a city-state where enterprise emerges”. Which scholar identified the entrepreneur as a pivotal figure in developing a thriving enterprise community?
Adam Smith
Ibnu Khaldun
Al-Khwarizmi
John Stuart Mill
Which statement is incorrect regarding entrepreneurship?
Starting a business primarily to avoid financial gain.
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.
What term is used to describe the financial resources invested into a company to enable it to start and sustain its business operations?
Capital
Legality
Competitors
Target market
Which quality best describes entrepreneurs who prefer to make their own decisions and work autonomously?
Risk-takers
Independent
Self-Confident
Goal-Oriented
The following are the characteristics of successful entrepreneurs, except
High energy levels
Drive for excellence
Discomfort with uncertainty
Dedication and perseverance
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.
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”?
Taufiq
Jannah
Sa’adah
Qana’ah
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 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.
Al-Hakim Enterprises, founded by Dato' Haji Sulaiman in 1980, has become a leader in the retail industry, maintaining a competitive edge through innovative business practices. The company is presently managed by Dato' Haji Sulaiman's eldest daughter, Puan Hana Sulaiman, with the support of her brother, Encik Faiz Sulaiman. Considering its long-standing family leadership and evolution within the industry, which category best describes Al-Hakim Enterprises?
legacy business
organic business
fragmented business
international business
In Islamic entrepreneurship, how are individuals primarily viewed, aligning with spiritual and ethical principles?
greedy
humble
a khalifah
dependent
What term describes a group of individuals working together in a structured way to fulfill a company's goals?
Risk taker
Term loan
Community value
Business organization
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
In the framework of Islamic entrepreneurship, which of the following statements does not align with the Islamic view of wealth?
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.
What is a factual statement regarding the nature of partnerships?
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.
All of the following are risks associated with entrepreneurship, except
discouragement
systematic planning
difficulty in obtaining customer
risk of losing the entire investment
Which of the following does not align with Islamic views on entrepreneurship?
Muslims must manage resources responsibly.
The main objective of the business is to fulfil “fardhu kifayah”.
Economic activities should be distinct and separate from religious beliefs.
Islam discourages Muslim entrepreneurs to accumulate their properties by ignoring others.
Identify the correct statements regarding the concepts of business, entrepreneur, and entrepreneurship?
Entrepreneurship is a type of business operation focused on buying and selling for profit.
Entrepreneurship is a person, whereas entrepreneur refers to the process of establishing a new business.
Business is an occupation that involves 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.
Which company is known to operate under a sole proprietorship model?
Malik & Co
Mega Corporation Bhd
Unimas Holding Sdn Bhd
Mustafa Global Enterprise
