Introduction to Entrepreneurship Chapter 1
30 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary contribution of entrepreneurship to a country's economy?

  • Upward mobility
  • Renewal process
  • Market economies
  • Economic growth (correct)

    • According to the definition, what is an essential skill of an entrepreneur?

  • Being a boss
  • Managing a large enterprise
  • Managing financial resources
  • Identifying attractive opportunities (correct)

    • Why do people often become entrepreneurs?

  • To examine and implement their own ideas (correct)
  • To work in a government establishment
  • To work in a large and established business organization
  • To become an employee

    • What is the main difference between an entrepreneur and entrepreneurship?

    <p>Entrepreneur is a person, while entrepreneurship is a process</p> Signup and view all the answers

    What is entrepreneurship more than?

    <p>The mere creation of a new business</p> Signup and view all the answers

    What is the role of entrepreneurship in the economy?

    <p>To influence and redefine market economies</p> Signup and view all the answers

    What is the sales turnover range for a small enterprise in the manufacturing sector?

    <p>RM300,000 to less than RM15 mil</p> Signup and view all the answers

    Why is entrepreneurship important in the Malaysian economy?

    <p>It represents the working future for many due to the shrinking of job opportunities</p> Signup and view all the answers

    What is the primary principle of Islamic entrepreneurship that views business activity as a good deed?

    <p>Ibadah</p> Signup and view all the answers

    What is the minimum number of employees required for a medium enterprise in the services sector?

    <p>30</p> Signup and view all the answers

    What is the sales turnover range for a medium enterprise in the manufacturing sector?

    <p>RM15 mil to RM50 mil</p> Signup and view all the answers

    What is the role of entrepreneurship in the Malaysian economy and development?

    <p>It plays a significant role in the economy and development through mechanisms and policies</p> Signup and view all the answers

    What percentage of rizque sources does Prophet Muhammad S.A.W attribute to business?

    <p>9 out of 10</p> Signup and view all the answers

    What should guide the principles of Islamic Entrepreneurship?

    <p>The al-Quran and al-Hadith</p> Signup and view all the answers

    What is the responsibility of Muslim entrepreneurs according to the Islamic perspective?

    <p>To develop prosperity and perform business as part of 'ibadah'</p> Signup and view all the answers

    What is the primary motivation for Muslim entrepreneurs?

    <p>To fulfill the 'fardhu kifayah' and search for God's blessings</p> Signup and view all the answers

    What is the key factor in measuring success in Islam?

    <p>The means and ways of achieving success</p> Signup and view all the answers

    What is the definition of a 'halal' livelihood according to Al-Qurtubi's Success Formula?

    <p>A livelihood that is in accordance with Allah SWT and Syariah</p> Signup and view all the answers

    What is entrepreneurship according to Kuratko and Hodgetts (2004)?

    <p>The innovative manner of conducting a business and a change in the process of managing a business</p> Signup and view all the answers

    What is common in internal corporate entrepreneurship activities?

    <p>Improvement in internal processes and services</p> Signup and view all the answers

    What is an essential characteristic of entrepreneurship according to Leff (1979)?

    <p>Seeing a business opportunity and taking the risk of failure</p> Signup and view all the answers

    Which type of entrepreneurship is characterized by the amalgamation of entrepreneurial thinking into corporate structure?

    <p>Corporate Entrepreneurship or Intrapreneurship</p> Signup and view all the answers

    What is the primary goal of entrepreneurship, according to Dollinger (2008)?

    <p>To make a profit and grow a business</p> Signup and view all the answers

    What is a key aspect of entrepreneurship, according to Koontz and Fulmer (1984)?

    <p>The practice of organizing and managing a business</p> Signup and view all the answers

    What is the concept of Qanaah in Islamic entrepreneurship?

    <p>Being pleased and thankful with one's earning</p> Signup and view all the answers

    What is the significance of Islamic wealth model in entrepreneurship?

    <p>It provides a framework for seeking Allah's forgiveness and blessings</p> Signup and view all the answers

    What is the ultimate goal of business in Islam according to Imam Al-Ghazali?

    <p>To use worldly success as a bridge to achieve success in the hereafter</p> Signup and view all the answers

    What is the role of entrepreneurship and business in Islam?

    <p>It is highly encouraged amongst the ummah</p> Signup and view all the answers

    What is the key principle in Islamic economic system?

    <p>Operating within the domain of Islamic economic system</p> Signup and view all the answers

    What is the source of guidelines for Islamic entrepreneurship and business activities?

    <p>The Quran and Hadith</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser