Entrepreneurship

Why do most entrepreneurs prefer to use debt financing?

To ensure full control of the business

The Islamic Work Ethics (IWE) is based on the principles of

aqidah, syariah and akhlaq.

Enterprising graduates not

behave entrepreneurially

Four main rules namely no critics, the idea can be as wild as possible, quantity is desired and the synthesis of idea is encouraged described a creativity technique called

brainstorming

The executive summary of the business plan should include the following information, EXCEPT

business potential

type of entrepreneurship

corporate entrepreneurship, academic entrepreneurship, public sector entrepreneurship.

The increase in popularity of hybrid vehicles can be attributed to market

demand

Market size is measured by

estimating the total purchase of similar product in your target market area.

A type of innovation in which combination of existing concepts and factors into a new product or services is called

extension

Two main approaches that lead to disagreement among scholars for defining the term entrepreneurship are

functional and indicative

Which of the following industries is considered "high risks" for a new venture start-up?

growth industries

SMEs need government supports because they i- have limited resources ii- do not enjoy economies of scale to gain cost-leadership iii- bear the burden of smallness iv- need special government policy to protect them

i only

The Malaysian government gives full support to the development of SMEs due to its contribution on i- economic growth ii- employment iii- innovativeness iv- socio-political harmony

i only

Which of the following are the attributes to the entrepreneurial behaviour? i- locus of control ii- need for achievement iii- risk taker iv- motivator v- patience

i, ii and iii

Enterprising graduates are characterised

independent, problem solver, external locus of control.

A situation where "demand" of a certain product / service is felt and needed but "supply" is not available in the market is know as

market risks

The process of dividing a market into groups of people or entities with similar traits and characteristics is called

market segmentation

A start-up business plan consists of the following plans

marketing plan, production plan, financial plan, not exit plan.

A business plan not include

nature of industry, including economic trends, important risks it is include overview business purpose, description organization, funds needed.

disadvantage of sole proprietorship business.

not regarded as a separate legal entity more responsibilities

Which of the following is NOT an example of the sources of innovation

perceptual changes changes in the ownership of the company

Which of the following functions is related to entrepreneurship ?

process of innovation

Doing a SWOt analysis is the first step in selecting business opportunities. This step will end with

select business opportunities and strategies

true about partnership

setup cost low easy to setup lees legal requirement

Products that are purchased infrequently, consumer conduct extensive research before purchased the product, and the product category are expensive is the characteristic

specialty products

NOT TRUE about a partnership business?

the share can be easily transferred to another party.

The bumiputra in Malaysia are still far behind in their wealth ownership as compared to Non-Bumiputra. Which of the followid

values and attitudes

Muslimpreneurs are motivated by

zakat, non-riba' and waqf insentives

Creation of Bumiputra Commercial and Industrial Community (BCIC) is targetting at least the Bumiputra would have economic activities equiti of

30 percent

The most basic marketing mix concept entrepreneurs should know when doing marketing plan is

4Ps and 4Cs

What is the purpose of preparing business plan?

As a document to justify and support loan application or to entice and convince a partner or investor to invest in the business.

Large firms that behave entrepreneurially is termed as

Corporate entrepreneurship

Which of the following statements BEST describe entrepreneurs?

Entrepreneurs are seen as agents of change.

When is actually an entrepreneur knew his actual profits ?

From the Income Statement

Not an indicator of an enterprising culture

High dependency on the government supports

When dealing with firm resources, which resource do you think is the most crucial?

Human

Reader of a business plan

Investors only

The economist who defined "entrepreneur" as a person who invests, transforms and make profit is

Joseph Schumpeter

Which one is not the characteristics of private limited company?

Member: at least 2 and not more than 20-salahhhh patutnya not more than 50

There are some barriers for entrepreneur to become creative. Which are NOT including in the statement?

Motivation. Barriers= over management, personal belief, fear of critics

Which of the following is NOT the type of entrepreneurship?

NGO entrepreneurship.

without a writing partnership agreement , a partnership is governed by the

Partnership Act 1961

Not a part of business plan personnel planning

Personnel planning

A scholar who sees an entrepreneur as an innovator is

Schumpeter

Entrepreneurial activities run by the people targeting on the benefits of the society is conceptualised as

Social entrepreneurship

The term entrepreneur refers to

The person who undertakes to organize, manages, and assumes the risk of a business.