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Class 11 Business Studies Chapter 8 Small Business Quiz 38 (60 MCQs)

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1. Which of the following is a benefit of bootstrapping a business?
2. There is no hierarchical boundary in levels of management or decision
3. Short term financing
4. Which trait is NOT typically associated with successful entrepreneurs?
5. How can a presenter create empathy between themselves and the audience during a business plan presentation?
6. Which of the following is NOT an element of the marketing mix?
7. The value of the next-best alternative-the one you pass up
8. An advantage of starting a business from scratch is that the entrepreneur has the freedom to use his or her own ideas and concepts.
9. What are the common characteristics of successful entrepreneurs in the small business sector?
10. Determining if the potential customer can afford your product is part of prospecting.
11. The right to take possession of collateral until a debt is repaid.
12. Ethical dilemma happen when entrepreneur has to made decision that will affect society and the entrepreneur's right.
13. What does "planning for the harvest" in small business refer to?
14. Which type of business is likely to have the most success, but also has the least amount of freedom?
15. A business owner wants to cut costs without affecting product quality. Which expense should they review first?
16. Which aspect of branding is highlighted as unchanged for decades?
17. Fill in the blank: ..... is a business-to-business (B2B) commercial transaction between businesses.
18. Would the following business be classified as B2B or B2C? Purchases requiring a tax exemption certificate
19. Explain the role of small businesses in the economy.
20. Celeste owns a small business and needs some technical help. She contacts a university-based group that provides individual counseling and practical training to owners of small businesses. Celeste contacted .....
21. How does the U.S. Small Business Administration define a small business?
22. The amount paid before the insurance company reimburses you for a claim is called,
23. What is the purpose of a business plan for a small startup?
24. What should small businesses consider offering to attract Small Business Saturday shoppers?
25. What is one of the main focuses of financial planners for small business owners?
26. What category defines most businesses in the US?
27. What is the maximum High Value Unit count on Small Business BUSINESS accounts?
28. What is the most common type of small business?
29. William is very organized and likes to work in an office during set hours. This is an example of which type of personality characteristic?
30. What is the annual worth of the self-storage industry in the United States?
31. Identify the adjective in the following sentence:'The small business grew rapidly.'
32. Owners usually do not manage small businesses.
33. Describes the current condition of the industry and forecasts where the industry is moving in the next three to five years.
34. Steve wants to start a company. He has a rough draft of his business plan. He needs advice to help him through the start up process. The best source for Steve is
35. Alexa and Caleb started a new business and they came up with a unique logo and business name. What type of intellectual property should they register to protect their brand name and logo?
36. Which of the following does not come under the category of incentive given to SSIs?
37. Which government scheme renders advisory services and training manuals to women entrepreneurs?
38. What is the formula for Gross Profit Margin?
39. Who can participate in Small Business Saturday?
40. Why do people start thier own business?
41. Policy insight:A firm wants exclusive control early without complex filings. Which IPR feature best aligns with this goal?
42. Which business structure is often used by large companies with multiple shareholders?
43. How does fostering customer relationships contribute to long-term business success?
44. The "things" a company sells.
45. Who has a vested interest in the success of the company?
46. Which of the following is considered a service?
47. Someone who takes a risk in starting a business to earn a profit is
48. Which of the following is not a type of Large scale Retailers?
49. Which of the following is not a characteristic of a successful entrepreneur?
50. Why is entrepreneurship important in the economy?
51. Fill in the blank: ..... is when a business owner uses their own money to fund their business.
52. In planning for the harvest, what is the significance of evaluating financial performance?
53. What does SWOT analysis stand for?
54. Most business plans are developed for ..... year(s).
55. ..... is the process of choosing the most suitable candidate for the vacant position in the organisation.
56. What is a key characteristic of intrapreneurs?
57. A geographically dispersed telecommunications network is called
58. The main difference between a credit card and a debit card is that:
59. According to the Design Thinking Process:Create Solutions
60. Who is responsible for the maintenance of the software in a "build your own" system?
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