Nama: Muhammad izzan zikri no matrix: bmf10819057

QUIZ 1

1. 
   Give definition of entrepreneurship. (2 marks)
   

Entity but also expansion and development of an on going concern. The study of entrepreneurship is concerned with the entrepreneurial behaviour,the dynamics of business set up and expansion and development

2. 
   List TWO importance of entrepreneurship to Malaysian economy. (4 marks)
   

2.Entrepreneurship is synonymous to creation of new venture and small business SMIs have been important contributors to local economic growth

3. List TWO principles of thought is Islamic entrepreneurship. (2 marks)

1.entrepreneurship is an intergral parts of Islamic religion

2.business activity is part of ibadah or ‘good deed’

4. Give TWO Muslim entrepreneurship ethics. (2 marks)

1.to prevent laziness

2.to grow and develop capital and profit

5. States and explain briefly about the entrepreneurial motivation. (6 marks)

= Motivational theories are based on the

idea that behavior is essentially purposeful

and directed towards the attainment of

certain goal. Thus entrepreneurial motivation is viewed

as the willingness of an entrepreneur to

sustain his or her entrepreneurial

behavior.

6. List TWO common characteristics associated with achievement oriented entrepreneurs.

(2 marks)

1. Drive to achieve

. lnternally driven self starterwith strong desire

to:

. To comPete with others

. To pursue and attain challenging goal

2. Calculated risk toking

. High achiever tend to take moderated or calculated

risk

- Examining the situation and determine how to

situati on

- They make their effort to get the odds in their

favor

7. List TWO personal entrepreneurial competencies. (2 marks)

1. lnitiative-The entrepreneur should be able to take

actions that go beYond his job

requirements and to act faster' He is

always ahead of others and able to

become a leader in the field of business'

2. Sees and acts on oPPortunities