DAN20103- BUSINESS AND ENTREPRENEURSHIP Mark TRUE or FALSE 1. Equity is the amount of Assets plus Liabilities 2. Matrix structure prevents team members from sharing information easily across task limits 3. Organizational structure is part of the internal business environment 4. Macro environment in business is also known as industrial environment 5. Private and limited company accounts must be audited by the auditer 6. The Malaysian Institute for Industrial Development (MIDA) plays a role in promoting and harmonizing industrial development in Malaysia 7. The Rental And Purchase Service allows employers to acquire assets without having to worry about the cost of maintenance and repair 8. Management functions are usually the same for a small company or large company 9. The sharing business is required to include the word "private limited" at the end of their business name 10. Two categories of risks that are often encountered in business are business risk and financial risk Objective Questions 1. Among the following are not the 4 main factors in identifying, analyzing and selecting business opportunities A. Create opportunity selection and assemble business planning. B. Identify the internal and external environment. C. Analyzing the environment, self-assessment and social. D. Identify the needs and wills of customers. 2." The government has introduced goods and services tax (GST) at a rate of 6% on April 1, 2015" Based on the above statement, what external factors affect a business.? A. Politics and legislation B. Sociocultural is C. Economy D. Technology 3. In planning the production of food products in tins, the production of type more suitable for use because the goods have a uniform design in high demand. A. Group B. B.Booking C. C. Capital D. D. Flow 4. "Money intended to accommodate unexpected matters during the business operations" The statement refers to: A. Deposit B. Shrink the value C. Out-of-term expenses D. Other shopping 5. The following factors relate to self-assessment in identifying, assessing and selecting business opportunities, EXCEPT: A. Business experience B. Formal and informal networks C. Business financial position D. Mental and physical endurance 6. Among the following are incorrect statements relating to the process of identifying, assessing and selecting business ideas A. Identify the business environment. B. Business ideas must comply with existing guidelines and regulations. C. Business risks should be calculated in the business idea sieve process. D. Business ideas must be free from any element of monopoly. 7. The following factors should be considered before purchasing the machine and completeness, EXCEPT: A. Price B. Supplier reputation C. Physical brands and features D. Willingness of the replacement tool 8. In identifying new companies, here are the elements that must be assessed by an entrepreneur that covers aspects of the micro external environment, namely: A. Customers, Users and Buyers B. Changes in taste and lifestyle C. Competitors to manufacturers in offering products to target market D. Entities that provide the resources required by the company 9. The main purpose of the network in the business is to: A. Getting rewarded B. Get a lot of projects C. Fulfilling personal interests D. Fostering relationships 10. Which of the following assets is classified below the current asset A. Stock of sale goods B. Machine release C. Factory D. Land 11. The sharing business conducted without a written agreement is protected under the act..... A. Business Registration Act 1956 B. Company Act 1965 C. Partnership Act 1961 D. Cooperation Act 48 12. Nasir Rahman had the idea to build a new business. He wants to start a business as quickly as possible with the minimum starting spend. He also wants to manage his own business and wants to keep the income for himself. Recommend a type of business that suits his goals. A. Public partnership B. Distribution C. Sole proprietorship D. Limited companies 13. All of the following are the weaknesses of the sharing type business, EXCEPT A. Decision making should be shared with all members. B. Public sharing is subject to unlimited liability C. The advantages of being shared by fellow members. D. Members of the partnership contribute additional capital to the business 14. Which one of the following is a correct statement about the establishment of a sharing company A. Sharing is a small company B. Sharing can only be categorized as a private or government company C. Each member will be responsible for the company's debts and liabilities. D. The establishment of a sharing company is very difficult because too many documents or information are required by the government 15. Which of the following statements concerning the process flow chart is incorrect? A. The flow chart process shows all the activities to produce products / services from start to finish. B. Based on the process flow chart, one can design, design and determine various needs, such as materials, equipment and labor required for each activity. C. The overall production capacity should be designed by ensuring that all activities on the process flow chart have almost the same capacity, without any activity being a production inhibitor. D. One can calculate the cost of the product unit from the process flow chart