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Class 11 Business Studies Chapter 8 Small Business Quiz 23 (60 MCQs)

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1. Naturally, a successful small business starts out with proper financial support.What does "financial" mean?
2. The amount of money needed to OPEN a business is .....
3. The individual who develops / creates a company and invests their own resources is called.
4. Which of the following is a potential risk of entrepreneurship?
5. Which of the following is NOT true about a small business
6. What does 'Managing cash flow' involve?
7. What percentage of production must a small-scale industry supply to be classified as an ancillary industrial undertaking?
8. What is the primary role of a consultant?
9. Business ethics is the fundamental moral values andbehaviourial standards
10. In which step of the Design Thinking Process do you Write a problem statement to clearly state your users' problems and unmet needs?
11. Copyright protection is not available for
12. What is a profit and loss statement?
13. Accessibility in a website includes all the following except:KLO 1.6
14. The success of promotional efforts for a small business depends entirely on the amount of money spent on advertisements.
15. Dax decides to purchase and operate a Jersey Mike's Subs restaurant. Dax is the .....
16. Which type of sales event is geared towards creating a positive brand image and connecting with customers on a deeper level by supporting a social cause?
17. What is encouraged for business owners to do before Small Business Saturday?
18. Successful small-business owners like to plan and organize.
19. Jonathan became an entrepreneur after he lost his job due to Covid-19. He is considered as a/an
20. Which of the following is NOT a type of support listed for franchises?
21. What are the possible solutions to the challenges faced by small businesses in rural India?
22. Entrepreneurship is risky.
23. Research and planning are vital steps in setting up a small business.What does "vital" mean?
24. Most entrepreneurial ventures start out as a small business, not all small businesses are entrepreneurial in the strict sense of the term.
25. Which of the following is a key goal of building strong customer relationships in small businesses?
26. What percent of small businesses are home-based businesses
27. What does it mean when a company reports a "loss" ?
28. As per the Ministry of Commerce and Industry, a start-up means an entity incorporated or registered in ..... years.
29. Line of credit loans are fixed and flexible access to ..... up to your limit.
30. True or False:With owners of equity in a business, all of the stakeholder owns equity.
31. What is the purpose of a profit and loss statement?
32. Which type of sales event involves a company taking their products or services on the road to reach potential customers in different geographical locations?
33. Which of the following is a common financial metric used to assess a startup's performance?
34. One of the advantages of reviewing secondary data it can be done quickly and easily.
35. Owned and managed by one individual or sometimes a small group of people with a focus on generating profits
36. What is a common challenge for entrepreneurs in India regarding funding?
37. Reason for a business existence is defined by ..... ( Unit 33-KLO 2-3b)
38. Which phase includes the diagnosis of the problem in the consulting process?
39. Small businesses often rely on which source for start-up capital?
40. Pangsa pasar mengacu pada penjualan masing-masing perusahaanditekan sebagai proporsi dari total penjualan pasar
41. What are the key components of financial management for a small business?
42. Which of the below is true about cost of fund?
43. Which of the following should a person NOT do during an ethical decision-making process?
44. What is the purpose of a professional association?
45. A business will continue to operate indefinitely and won't be wound up in the near future
46. Geographical pricing is a pricing strategy where prices are adjusted based on the location of the buyer. What factors influence geographical pricing?
47. A business ..... is a written description of a business idea and how it will be carried out.
48. The ability to influence individuals or a group to accomplish an important goal is known as
49. What is the definition of an entrepreneur?
50. What competitive advantage do small businesses typically have over large corporations?
51. What can a thriving small business improve throughout a community?
52. If a business owner uses their own savings to finance the business, what is a possible problem they might face?
53. Hire local employees to manage, clean, and run the store.
54. What is the disadvantage of a co-operative?
55. Jack and Jill are co-owners of a daycare center. They have been in business for five years. This business is an example of a:
56. Which of the following is NOT a type of business ownership?
57. What is essential for a successful consulting business?
58. Advantage of a Sole Proprietorship
59. Sam and Jacob are planning to start a new business. They are considering different business structures. Which business structure gives them the most personal liability protection?
60. Micro enterprises are those whose investment in plant and machinery does not exceed rupees .....
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