Islamic Ethics in Business Transaction and Organization

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Islamic Ethics in Business Transaction and Organization

Question 1 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Elements to form a legally binding contract EXCEPT:
A
Offer and acceptance
B
Muslim contracting parties
C
Mutuality of obligation
D
Consideration
Question 2 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In the agreement with its business partner, Melati Sdn Bhd has clearly outline all the details of the company such as the names and address of the contracting parties, the term of agreement and etc. This explains one of the aspects in business agreement which is:
A
Contract basics
B
Business basics
C
Mutual release
D
Non disclosure agreement
Question 3 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The sale was finalized with the buyer or seller touching a piece of cloth. The statement above explains about:
A
Muzabanah
B
Muhaqalah
C
Munabazah
D
Mulamasah
Question 4 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following involve Riba An Nasiah
A
Paying additional charges for credit card usage due to late payment
B
Exchanging 10 grams of 999 gold with 15 grams of 916 gold.
C
Purchasing motorcycle from Tan Cheong Sdn Bhd with deferred payment
D
Exchanging Ringgit Malaysia with Korean Won in deferred payment
Question 5 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following sales does not involve gharar?
A
Sales of without proper description
B
Sales of good without specifying the price
C
Sales of good specifying the quantity of the goods
D
Making a contract conditional on an unknown event
There are 5 questions to complete.