SME’s do not need large special areas or facilities. They can build their factories in rural areas, and this can help to provide jobs for those living in this area. This situation refers to the contribution of the SMEs to prevent waste and encourage saving.

Makmoor Enterprise used recycling equipment to produce their products. This is to save costs. This situation refers to the contribution of the SMEs to increase the amount of funds in the economy.   

The provision of business premises, factories, and workshops for SMEs in the rural areas, establishment of centers for product packaging, distribution, and marketing shows the initiatives and development to strengthening the development or growth of SME’s.

Enhancing SMEs’ access to financing is not the major initiative to help its growth.

It is not difficult for SMEs to get loans from financial institutions especially at the growth stage of their business.

It is difficult for SMEs to get an expert to join their company because they cannot offer higher salaries, bonuses, and other special incentives.

An entrepreneur is one who is responsible for controlling or administering an organization or group of staff.

Entrepreneurship also refers to the process of creating something new of value by devoting the necessary time and effort, assuming the accompanying financial, physical, and social risk, and receiving the resulting monetary reward, personal satisfaction, and independence.

An entrepreneur is different from a small businessman as they face competition as an ordinary challenge which makes them rigid in adapting to changes.

As an entrepreneur, Aliffah spent unlimited time studying how to satisfy her client’s needs and wants, and she always came up with new ideas on ways to improve her products.

Teacher Shah recognizes the problem of infectious diseases, and he reinforces his devotion to help poor and underserved communities. This action shows that Teacher Shah is a social entrepreneur.

A copreneurs is an individual or a group of individuals in association with an existing organization that creates a new organization or instigates a renewal or innovation within the organization.

An entrepreneur within a large organization with high entrepreneurial characteristics who strongly believes in his talent and ability and has a strong desire to create something using his own initiative and creativity is and technopreneurs.

"If I fail, I will try again. Nothing can stop me from doing business?"

This phrase is suitable for the characteristics of a successful entrepreneur which can rebound from disappointment.

An entrepreneur who is not easily influenced by other forces to stop indulging in business and has own personal initiatives and skills is suitable with the characteristic of internal locus of control.

The individual that can analyze a situation, willing to accept uncertainty and risks, and take necessary precautionary steps refers to able to tolerate tedium.

Many entrepreneurs face difficulty in obtaining loans from financials institution, as these institutions have less confidence in new ventures compared to an established business.

Entrepreneurships become the backbone of heavy industries like becoming suppliers of raw materials or component parts such as automobile, petroleum, and others. This situation refers to the importance of family development.

Setting up a business can be very easy, and not so stressful for a new entrepreneur. They have as much time for leisure and go for vacation anywhere as they wish.

PROTON produces cars, EON sells cars, MAS sells services by providing air transportation to its customers. This is the example of a ….     

A business is an organization that provides ….   

Which of the following is NOT a business?       

The major goal of a business is to …..       

The difference between a business’s revenues and its expenses is called _______.       

Which of the following is not the function of business?  

“nation’s system for allocating its resources among its citizen, both individuals and organizations”. This statement can best refer to …   

Economy that relies on a centralized government to control all or most factors of production and to make all or most production and allocation decision. This economics system is known as …    

Which of the following statements best describe the law of demand.

Makcik Kamisah intend to set up this kind of business. She is attracted to this kind of business because of the limited liabilities of stockholders and its continuity of life. This business can be a …..  

Is a business owned and operated by one person with profit motive. The statement refers to ______.  

Which of the following is the disadvantage of a partnership?

In considering going international expansion, a company should also consider a few questions. Arrange in a sequence of those questions.

i.               Modification of the product

ii.              Demand of the product

iii.             Easy getting necessary skills and knowledge.

iv.             Foreign business climate suited to imports?   

______ is a foreign individual to represent an exporter’s interest in the foreign market.         

1. Restriction on the number of products of a certain type that can be imported into a     country. 

2. 2. A devise to protect a country’s industry from too much competition from other countries.

                      The above statements can best be referred to ….

Kentucky Fried Chicken has altered menus, ingredients, and hours of operation to suit the Malaysian culture. They must consider the religion and culture of this country. This is suited to …         

Sales turnover from RM300,000 to less than RM15 million. This statement best refers to ______.

Companies that are public listed in the secondary bourses such as the ACE market, Malaysia Online Trading Platform for Unlisted Market (My ULM), or in secondary markets /SME exchanges/unlisted markets in other countries and their subsidiaries will be considered as .... 

Which of the following is not the roles of a Small and Medium Enterprise?

Even though a small company does not have their own research and development departments, they are still able to produce new products due to the ______.