Is an entrepreneur makes a mistake, he can hide behind the name of his company.

A successful entrepreneur is motivated by personal and family considerations.

Concept-testing is one of the essential stages in a entrepreneurial process.

Taiwan is famous as an innovative semiconductor manufacturer.

Start-up companies can be defined as entities that have been incorporated within the past one year, and have ideas or concepts that require funds for proof of concept and/or prototyping.

The development of technopreneurship in India begun with innovation in the field of information technology.

The National Incubator Network is one of the three key components of the start-up programme under the Technopreneur Development Flagship initiative

The process of identifying, evaluating, and selecting business opportunities involves screening potential employees.

The two approaches that can be used in scanning the environment are micro and macro perspectives.

'Wants' refer to basic human requirement to live, and 'needs' refer to personal desire for something more.

Self-evaluation is important to see to ensure that one has the experience, knowledge, skills, financial ability, interest and networking to succeed in a given business opportunity.

Capital is required to invest on fixed assets (land, building machine and equipment) and working capital.

Transferable risks refer to risks that can and cannot be transferred to another individual.

The final phase where an entrepreneur will transform an idea into reality is called incubation.

Creativity is a mental process involving the generation of new ideas or concepts, or new associations between existing ideas or concepts.

Product innovation refers to the changes in the products/services which an organization offers.

Paradigm innovation refers to changes in the context in which the products/services are introduced.

Extension is the combination of existing concepts and factors into a new formulation or use.

Malaysian SMEs can be grouped into three categories: micro, small or medium.

It is very important for an entrepreneur to control the cost in order to break even.

Primary agriculture is not one of the sectors classified under SMEs.

SMEs do not play a crucial role in contributing to the prosperity of big and multinational corporations.

It in important to develop a group of small and medium enterprises in one specific industry only, towards achieving sustainable economic growth.

Interpersonal skill is an important skill to entrepreneurs because it is a hard skill.

Middle-level managers are the link between top managers and the lower-level managers.

Solving other's problems alone will provide an entrepreneur with all the opportunities to be successful.