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Class 11 Business Studies Chapter 8 Small Business Quiz 28 (60 MCQs)

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1. What is a key characteristic of a partnership?
2. A business plan helps a business achieve short-term and long-term .....
3. Is the ways that company can communicate to customer with, by using promotion tools (TV-poster)
4. In terms of business compensation, what is equity?
5. A business experienced a loss of $ 32 450. If the revenue was $ 56 890, then what are the expenses for the year?
6. How is the monthly cost for Bell Fibe TV App Standard & Premium?
7. Information is not .....
8. Large businesses are responsible for most new employment opportunities.
9. Which sentence uses the correct form of 'its' or 'it's'?
10. A Pitch Deck is a brief presentation, often created using PowerPoint, Keynote or Prezi, used to provide your audience with a quick overview of your business plan. It is usually 10-20 slides, highly visual, and used to get investors attention. True or False?
11. What is a common trend in the transformation from small business to large corporation?
12. A requirement that all relevant items be reported for a business entity, excluding any transactions of the owner and any other entity is
13. Which of the following is NOT one of the 4Ps of marketing?
14. Which of these is a limitation of Departmental Store.
15. The creation, development, and commercialization of innovative technologies, products, or services refers to
16. The shift leader at a restaurant checks if employees are on task.
17. The organization of retired business executives who provide specialized assistance for small business owners is called
18. In the context of self-reliance, people with an external locus of control rely more on their own efforts and less on the actions of others.
19. What is the main benefit of preparing a business plan?
20. Small businesses tend to have lower profit margins compared to larger corporations.
21. What is the antonym of 'small' in the context of business?
22. How can small businesses use customer data to build stronger relationships?
23. Which of the following is NOT a characteristic of a partnership?
24. Choose the correct word to complete the sentence:'The entrepreneur was known for his ..... in business operations.'
25. What is meant by the term 'brand loyalty'?
26. Which of the following risks borne by the retailers?
27. Rencana pemasaran berfokus pada berbagai keputusanyang harus dilakukan mengenai proses produksi, seperti lokasi situs dan desain serta tata letaknya fasilitas
28. What is the first step in starting a small business according to the slide?
29. Costs incurred by a business for property or equipment are considered what kind of costs?
30. Which group is specifically targeted by the SBA's women-owned business program?
31. A family runs a hardware store that has been passed down for three generations.
32. What is a recommended action for businesses to manage risks effectively?
33. What is the primary role of professional associations?
34. How do successful small businesses typically compete with larger companies?
35. When one person owns a company, that person is called a .....
36. Which statement about private companies (Pty Ltd) is incorrect?
37. Entrepreneurs have the ability to convince those around them to believe in and support their vision of what is possible. This is known as:
38. It is necessary to provide specific tasks that need to be completed in order to register the company through Geaux Biz.
39. Select the INCORRECT statement concerning wealth management and creation:
40. Which is not a major advantage of franchising for a franchisor
41. Which of the following requires more money upfront but involves less risk?
42. What does the SBA offer to small businesses?
43. Employees most affected by minimum wage laws are compensated .....
44. Which of the following is a benefit of using a business plan for a business and its owners?
45. What is the role of small businesses in the Canadian economy?
46. The definition of MSME by the Government of India is based on:
47. Which is a Geographical Indication in India?
48. Entrepreneurs are flexible and will refuse to give up despite obstacles, failures, and discouragement from others. This characteristic is known as:
49. A business has the following monthly expenses:rent $1, 000, utilities $
50. Which of the following best describes the concept of 'Customer Relationship Management' (CRM)?
51. Entrepreneur's personal values and belief is not important to succeed in a business.
52. For microloans you need ..... to go against the loan but also the loan
53. It is best to start a business when demand for its products and services is high.
54. What are the key factors that drive the growth of small businesses in India?
55. Which founder of Apple was fired in 1985, only to be re-appointed as CEO in 1997 at the age of 42?
56. When we talk about start-up costs (the money it takes to start a business) is it cheaper to start your own business or buy into a franchise?
57. Innovation is to create a completely new idea/product/service.
58. When planning for the harvest, which of the following strategies would be most effective for a small business looking to attract buyers?
59. Small firms are often linkages to larger firms in the community obtaining materials from them or supplying them.
60. Many stores, such as Target and Big W, go beyond the minimum required by law in regard to consumer refunds or exchanges. They do this because:
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