ETR CHAPTER 1_DEFINITION & CHARACTERISTICS

Entrepreneurship is

• a buying and selling activities

• a person creates new venture

• a process creates new venture under condition of risks

• a businessman running a business

Which of the following statements is true about the definition of business, entrepreneur and entrepreneurship?

• A. Entrepreneurship is a person while entrepreneur is a process of creating a new ventures.

  under condition of risks with an entrepreneurial behaviour.

• B. Entrepreneurship is a commercial activities or trade and the purchase and sale of products or services to make a profit.

• C. Business is an occupation and buying and selling activities to make a profit while entrepreneur is a person who creates a new venture.

• D. Entrepreneur is an occupation while a business is a process of creating a new ventures

The following are the characteristics of successful entrepreneurs, except .

• A. Motivation to excel

• B. High level of energy

• C. Intolerance to ambiguity

• D. Commitment and determination

Which personal characteristics of successful entrepreneurs reflects that successful entrepreneurs want to make their decisions, set their own schedules and can work without supervision?

• A. Risk-takers

• B. Independent

• C. Self-Confident

• D. Goal-Oriented

Which one is an advantages of being entrepreneur?

• A. Uncertainty of income

• B. Long hours and hard work

• C. Risk of losing entire invested capital

• D. Become spectacularly wealthy as an opportunity to contribute to society

Below which one are TRUE on the categories of entrepreneur

• Stages, Level, Class

• Stages, Size, Time

• Stages, Size, Industry

• Stages, Size, Industry, Time

Entrepreneur must accept the risk

• TRUE

• FALSE

Muslim entrepreneur must pay zakat and commit to social responsibilities for ummah development

• TRUE

• FALSE

One of the characteristices of entrepreneur is "endurance". What is it?

• Concerned with how a person feels about his ability.

• Undertakes personal research on how to satisfy customers and solve problems.

• The specialized knowledge and expertise needed to accomplish complex actions, tasks, and processes relating to computational and physical technology.

• The ability to do something difficult for a long-time. One of the main reasons people fail in their own business is because they don't have the this characteristics to keep pushing through after they fail.

Advantages or importances of entrepreneurship are as follow except

• for self development

• family development

• long hours and hard work

• society development and national development