Tutorial 2 Name: Student ID: “Is a method allows people to be stimulated to greater activity by 1. meeting with others and participating in organized group experience.” This statement refers to: A. Brainstorming B. Focus group C. Brain writing D. Mind mapping 2. A moderator leads a group of people through an open, in depth discussion rather than simply asking questions to solicit participant response. This statement refers to: A. Brainstorming B. Focus Group C. Brainwriting D. Mind mapping 3. Choose the methods of generating ideas. I. II. Focus group Brainstorming III. Problem inventory analysis IV. Mind mapping A. II , III, IV B. I , III, IV C. I, II, IV D. All the above 1 Rosliana Binti Ahmad Razilan| FTMS Bukit Jalil 4. Problem inventory analysis is a method for _________________ A. Obtaining new ideas focusing on the negative. B. Developing new ideas when the individuals are unaware of the problem. C. Obtaining new ideas and solutions by focusing on problems. D. Developing a new idea by group members regularly recording ideas. 5. Which of the following are sources of new ideas? I. Consumers II. Existing products and services III. Distributions channel IV. Research and development A. I, IV B. II, III C. III, IV D. All the above 6. ____________ is silent, written generation of ideas by a group of people. A. Brainwriting B. Gordon method C. Creative problem solving D. Focus group 7. What is an entrepreneur? A. Someone who wants to make lots of money B. A person who carefully invests time and money into setting up a business C. Someone who has no leadership or management skills 2 Rosliana Binti Ahmad Razilan| FTMS Bukit Jalil D. All the above 8. Which of the following is correct about sole trader? I. An individual who is responsible for all aspects of a business they own. II. There is no legal distinction between the owner and the business III. Received royalties from their third party partner. IV. The owner has unlimited responsibility for the losses and debts. A. I, IV B. II , III C. I, II, III D. III , IV 9. All the following are the advantages of sole trader EXCEPT: A. Needs only small amounts of capital needs to start and run a business. B. Its permits a high degree of flexibility for the owner since he/she is the boss of the business establishment. C. The continuation of the business is difficult as new owner must typically accept all liabilities of the business. D. Due to the owner’s unlimited liability, some creditors are more willing to extend credit. 10. Which of the following statements NOT refer to partnership? A. A type of business model that has no formalities where the owner of the business has freedom on how to conduct the business. B. Is a relationship existing between two or more persons who join to carry on a trade or business. 3 Rosliana Binti Ahmad Razilan| FTMS Bukit Jalil C. A partnership business model passes through any profits or losses to its partners. D. Each person contributes money, property, labor skill and expects to share in the profits and losses of the business. They have the management control, share the right to use partnership property, share the profits of the firm in predefined proportions and have joint and several liability for the debts of the partnership. 11. This statements refer to : A. Limited partnership B. Limited liability C. General partnership D. General liability partnership 12. __________ is like shareholders in a corporation where they have no management authority and are only liable on debts incurred by the firm to the extent of their registered investment. A. Franchisee B. Licensor C. Limited partnership D. Franchise association 13. All the following are the disadvantages of franchising to the franchisee, EXCEPT: A. Managerial assistance provided B. Product acceptance from the public C. Offer an opportunity to start a new venture which could help entrepreneur to save possibly capital. D. Allows the venture to expand quickly using little capital 4 Rosliana Binti Ahmad Razilan| FTMS Bukit Jalil