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Quiz 1.

1
Total Questions: 30

43 min 45 secs

Q.1)
Most entrepreneurs start their business after having some experience in workplace.
A.
True
B.
False

Q.2)
What is the first stage of the creativity process?

A.
Incubation
B.
Preparation
C.
Insight
D.
Evaluation

Q.3)

The statement is true about Tan Sri Tony Fernandes EXCEPT:


A.
The founder of Tune company
B.
Used to work at Warner Music Malaysia
C.
Starting capital is 2 planes
D.
He have a Degree in Management from Vigny Atlantic University

Q.4)

All of the following are criteria of opportunity recognition, EXCEPT:

A.
Effective
B.
Anchored to create value
C.
Timely
D.
Durable

Q.5)

The common characteristic of successful entrepreneur is:


A.
Know your personal brand
B.
Be perpetual learner of business
C.
Be self-reliant
D.
Be prepared with obstacles

Q.6)

Some successful homegrown franchise systems are Marrybrown, Secret Recipe, and
Smart Reader.
A.
True
B.
False

Q.7)
Which of the following is NOT a way to identify an opportunity?

A.

Observing trends
B.
Solving a problem
C.
Trying out alternative uses of existing products
D.
Finding gaps in the marketplace

Q.8)
Ability to plan means an entrepreneur must be able to develop business plans in order to
meet goals in a variety of areas, including finance, marketing, production, sales and
personnel.
A.

True
B.
False

Q.9)
One of the ways to have new business concept is through combination of two (or more)
businesses into one new business.

A.
True
B.
False

Q.10)
Which of the following is NOT an entrepreneurial process
A.

Product
B.
Business idea
C.
Social network
D.

Market

Q.11)
Which type of opportunity recognition does this statement describes?
Low level in both market environment and entrepreneur characteristics
A.

Potential type
B.
Future type
C.
Crack type
D.
Competition type

Q.12)
My father is a billionaire. He inherits me an assets worth of RM200 million. This is called
serendipity.
A.

True
B.
False

Q.13)
In general, knowledge gained from a prior experience in an industry allows a person to
see and recognize possibilities for old business ideas.
A.

True
B.
False

Q.14)
Successful Malaysian entrepreneur such as Dato Haji Samuri Bin Juraimi, the owner of
Sate Kajang Hj Samuri does not do much innovation in his business.
A.

True
B.
False

Q.15)
Definitions of Entrepreneurship are the following EXCEPT
A.
Profit from being uncertainty & risk
B.
Creation of new organization
C.
Purposeful activity to initiate & develop a profit oriented business
D.
Develop financial analysis skill

Q.16)

New university campus will be built close to my village and my family members have
opportunities to open new business. This is called serendipity
A.
True
B.
False

Q.17)
Franchise International Malaysia (FIM) is organized by Ministry of Domestic Trade, Cooperatives and Consumerism (MDTCC) and Malaysian Franchise Association (MFA)
annually and exposes Malaysian franchise systems and international systems in the
market.
A.
True
B.
False

Q.18)
Which Malaysia Entrepreneur program is NOT for an entrepreneur?
A.
MaGIC
B.
1Met
C.

I-KIT
D.
1Azam

Q.19)
Malaysia Agriculture, Horticulture and Agro-tourism International Show (MAHA) is
organized once in two years.
A.

True
B.
False

Q.20)
In business exhibitions, you can see how entrepreneurs come out with new ideas, new
goods, or improved products.
A.

True
B.
False

Q.21)
____________ is the recognition that an item or service can be made to be of value to
someone and can be turned into profits.

A.
A niche
B.
A venture
C.
A trend
D.
An opportunity

Q.22)
Serendipity is also called 'unintended discovery'.
A.

True
B.
False

Q.23)
Which of the following is NOT the criteria that is needed to register a company under
Companies Commission of Malaysia (SSM)?
A.

Name of companies
B.
The owners name
C.
Types of business
D.
Education level

Q.24)
Many homegrown franchise systems in Malaysia will not grow big and success without
government policy and supports.
A.

True
B.
False

Q.25)
Franchise International Malaysia (FIM) is organized by Ministry of International Trade
and Industry (MITI) and Malaysian Franchise Association (MFA) annually and exposes
Malaysian franchise systems and international systems in the market.
A.

True
B.
False

Q.26)
Daily Fresh, Nelson's and Tutti Frutti are examples of successful international franchise
systems in Malaysia.
A.

True
B.
False

Q.27)
Omitting the __________ stage is one of the frequently cited reasons for new venture
failure.

A.
elaboration
B.
preparation
C.
evaluation
D.
incubation

Q.28)
In general, knowledge gained from a present job allows a person to see and recognize
possibilities for new business ideas.
A.

True
B.
False

Q.29)
People can pursue their own hobbies as a full time activity and the hobbies grow and
become new businesses ideas.
A.

True
B.
False

Q.30)
People can pursue their own hobbies as a part time activity and the hobbies grow
beyond being leisure activities to become new businesses ideas.

A.
True
B.
False