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Class 11 Business Studies Chapter 8 Small Business Quiz 26 (60 MCQs)

Quiz Instructions

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1. NSIC Stands for?
2. A ..... Market is the group of potential customers to whom a company wants to sell its products and services.
3. Which of the following is a disadvantage of using credit cards for business funding?
4. Market Saturation
5. The full form of IPR is:
6. Chain stores are also called as Multiple Shops
7. What is one major advantage of selling digital products?
8. This is the gathering and interpreting of information about a market, about a product or service to be offered to that market, and about the customers for that product or service.
9. Which business structure is characterised by limited liability and separate legal identity?
10. How can a small business use social media for promotional planning?
11. What kind of market does the development of additional small businesses create?
12. Margin requirement for non-fund based limits is generally:
13. What are the benefits of classifying a business as a tiny industry?
14. Someone who takes a risk in starting a business to earn a profit is known as a(n)
15. Product/Market Fit:When users love your product so much they tell other people to use it, your have a product/market fit.
16. Caused by the potential actions of customers, employees, or other individuals. Examples:shoplifting, employee pilferage or negligence
17. You have opened a for-profit adult technical school and you want to advertise it to potential students throughout your state.Which marketing method would be most appropriate?
18. A small business owner is struggling to keep track of inventory. Based on the text, what is a likely reason for this challenge compared to a big business?
19. Olivia is monitoring the recent fashions on a popular reality television show. What type of fluctuation is she monitoring?
20. What is one way a start-up differs from an existing business?
21. Suppose you want to get more experience and be a skillful accountant, which kind of company will help you better?
22. What should be done to smartphone settings to enhance security?
23. This is the third stage of the business life cycle; the business is stable and profitable.
24. Have you checked the ASX lately?
25. Louisiana Workforce Commission
26. How do small businesses in India create job opportunities?
27. What does "Vocation" mean?
28. The U.S Small Business Administration (SBA) microloan program lends an average of $ 50, 000 to start-up businesses through community nonprofit organizations.
29. True or false:advance (in spite of opposition)=masquerade as
30. In this type of partnership the profits, liability and management duties are divided equally among partners.
31. Fairly and efficiently collects state tax revenue to fund public services.
32. Two superiors ask an employee to do a task, and both cannot be accomplished at the same time is an example of (KLO 1.2)
33. ....requires having a clear understanding of the job's duties and responsibilities. (KLO 3.7, 3.8)
34. What should employees be reminded to do with paper files?
35. Branding is part of which of the 4Ps?
36. Paid form of ideas, goods and services are called .....
37. The phenomenon demonstrating individuals desire to get along and avoid conflict is known as which of the following?
38. Food processing such as Jams and Jellies are create from cottage industries in Jamaica.
39. The statement: "to increase our brand recognition" is an example of which of the following?
40. What is a potential threat to businesses connected to the Internet?
41. Which of the following methods will give businesses the most information about their customers?
42. Academic entrepreneurship refers to the commercialization of innovations and intellectual property developed within academic institutions such as universities, research centers, or laboratories.
43. As long as financial records are maintained, it is not important for them to be recorded electronically or written documentation.
44. Why is it important to have a clear strategy when presenting a business plan?
45. Which of the following is a type of fee associated with franchises?
46. The ..... ? ..... environment is primary interest to companies because it related to the society, and the society forms the market. This source of opportunity is called as?
47. The money or wealth needed to produce goods and services. All businesses need this.
48. What happens if the product cannot be resold in a business opportunity?
49. Which act addresses the concern of MSMEs?
50. Internal locus of control
51. Jasmine invests her savings into creating a new clothing line with unique, eco-friendly fabrics.
52. The ability to use imaginative skills to find unique ways to solve problems.
53. A small business may employ up to 500 people.
54. What is a key aspect of securing remote access for small businesses?
55. CFO reports to CEO
56. Rebecca owns a business and has an idea for a new product but needs about $ 125, 000 to take it to market. Her personal credit and savings are maxed out.
57. What is one of the advantages of small business ownership that can affect the personal satisfaction of the business owner?
58. When people ask about a loan a bank will generally want to know what 'assets' they own-this refers to:
59. Which of the following is a common characteristic of small businesses regarding market focus?
60. This is a business owned and managed by one person.
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