PRE- QUIZ 1

OCTOBER 2024
ENT300
FUNDAMENTAL OF ENTREPRENEURSHIPS

NAME :
MATRIC NUMBER :

COURSE CODE : ENT300

COURSE NAME : FUNDAMENTAL OF ENTREPRENUERSHIP

PROGRAMME : DIPLOMA IN
NAME

DATE :

TIME :

DURATION 1 HOURS
PART A

INSTRUCTION - Please answer all TRUE and FALSE questions in PART A.

NO. QUESTION TRUE FALSE
1. Technology entrepreneur will use technology to create a new or
innovative product through the process of commercialisation.

2. Adam Smith (1776) defined entrepreneur as an individual who

embarks to do a job.

3. Hertzberg’s two factor theory are based on the assumption that

employee dislike works.

4. Individuals not only accept but seek responsibility under proper

working conditions is assumptions under Theory X.

5. People who are creative would be able to see new opportunities

and develop new ideas.

6. Ideas is the result of creativity.

7. Incremental innovation is a breakthrough innovation.

8. The Business Model Canvas can be divided into two main

elements; the right side focuses on the product while the left side
focuses more on the market.

9. External environment is any controllable elements within an

organisation that may have an influence on the well-being of an
organisation business operation.

10. Due diligence refers to the reviewing process of all available

information related to the business that the entrepreneur is
interested to purchase.

11. Smaller capital is required when buying whole business or part of

the business.

12. One of the advantages of franchises to the franchisee is fear that

a chain reaction of the franchisor’s image will affect the
franchisees’ business.

13. The agency that manages and governs the establishment and
registration of a business is The Companies Commission of
Malaysia.

14. An owner of a business should be aware that every known and

existing business must be registered.

15. A business that has unlimited liability is a limited liability

partnership and private limited company.
16. Some examples of sole proprietorship business are Malik and
Partners Medical Clinic, Rahmat and Ahmad Partners, Min and
Moon Saloon.

17. Sole proprietorship and partnership businesses are protected

under the Business Registration Act 1956.

18. A minimum of one (1) member in a Private Limited Company or

Sendirian Berhad (SDN BHD) and the maximum number of
members is fifty (50).

19. It is an optional for all employers to ensure their employees

register themselves with EPF upon employment.

20. The Employment Insurance System (EIS) Act 2017 was introduced
where all public and private sector employers have to make
monthly contributions on behalf of every employee.

21. Malaysian External Trade Development Corporation (MATRADE)

Provides financing to existing and new enterprises in support of
development of agriculture industry, such as micro financing,
working capital, term financing and strategic alliance financing.

22. The franchisor is the buyer of the franchise business.

23. One of the advantages of franchises to the franchisee is fear that

a chain reaction of the franchisor’s image will affect the
franchisees’ business.
PART B

INSTRUCTION - Please answer all MCQ questions in PART B. Please circle the correct answer.

1. Exemplary for good Muslim entrepreneurs in Islam are as follows EXCEPT

A. Avoid using influence for self interest

B. Leadership qualities in all aspect

C. Practice moderate way of life

D. The government must play a pivotal role in developing Islamic entrepreneurship

2. The ethical behavior of Muslim entrepreneurship should

A. avoid forbidden sources of income and property

B. pay alm

C. diversify business venture

D. prevent lazine

3. Which of the following is not types of entrepreneurships

A. Social Entrepreneurship

B. Corporate Entrepreneurship

C. Technology Entrepreneurship

D. Fashion Entrepreneurship
4. Maslow Theory of Needs suggests that people are motivated to satisfy five needs which are as
follows:
A. Psychological Needs, Safety Needs, Social Needs, Esteem Needs, Self-actualization Need

B. Self-actualization Needs, Esteem Needs, Social Needs, Safety Needs, Psychological Need

C. Psychological Needs, Social Needs, Safety Needs, Self-actualization Needs, Esteem Need

D. Self-actualization Needs, Social Needs, Esteem Needs, Safety Needs, Psychological Needs

5. The follwoing are among the entrepreneurial competencies as listed by McBer and McClelland
(1985) EXCEPT:
A. Information Seeking

B. Persistence

C. Trustworthy

D. Sees and acts on opportunities

6. Motivator factors are related to higher level needs includes _______________ .

A. Supervision and work condition

B. Salary and job security

C. Relationships with peers and subordinate

D. Individual growth and development

7. Which of the following is NOT the source of innovation?

A. Customer

B. Incongruity

C. Unexpected source

D. Preference
8. Which element in the BMC represents the uniqueness of products or services?
A. Value Proposition

B. Revenue Stream

C. Channel

D. Key Activities

9. _____________ is one of the examples of customer relationship in Business Model Canvas.

A. Mass market

B. Niche market

C. Automated service

D. Customer experience

10. The categories of key resources in Business Model Canvas are as follows EXCEPT ___________
A. Intellectual Resource

B. Human Resource

C. Financial Resource

D. Business Resource

11. The most common method to own a business for entrepreneurs is ____________
A. franchise

B. buying an existing business

C. family business

D. starts from scratch

12. Some entrepreneurs are more fortunate than others because they do not have to start the
business themselves as their predecessors formed the businesses. This is known as
_______________
A. Franchise System

B. Business Planning

C. Family business

D. Management Succession

13. When buying a franchise business there are fees involves EXCEPT _____________.
A. Distribution Fee

B. Franchise Fee

C. Royalty Fee

D. Advertising Fee

14. Which of the following are NOT stages of the opportunity development process?
A. identifying opportunity

B. electing opportunity

C. terminate opportunity

D. evaluating opportunity
15. A ______________ registered under the Company Act 2016 is required to pay company tax on an
annual basis
A. Sole Proprietorship

B. General Partnership

C. Private Limited Company

D. Public Listed Company

16. These are agencies that help an entrepreneur carry out research EXCEPT
A. Malaysian Palm Oil Board (MPOB)

B. Malaysian Industrial Development Authority (MIDA)

C. Standard and Industrial Research Institute of Malaysia (SIRIM Berhad)

D. Malaysian Agricultural Research and Development Institute (MARDI)