This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 8 Small Business – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 8 Small Business Quiz 13 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Small Business Development Centers (SBDCs) A) Local offices affiliated with the Small Business Administration that provide comprehensive management assistance to current and prospective small business owners. B) Non-profit organizations that offer free legal advice to small businesses. C) Government agencies that regulate small business loans and grants. D) Private consulting firms that charge fees for business development services. Show Answer Correct Answer: A) Local offices affiliated with the Small Business Administration that provide comprehensive management assistance to current and prospective small business owners. 2. Management functions include A) Staffing. B) Resourcing. C) Organizing. D) Controlling. Show Answer Correct Answer: D) Controlling. 3. What social media action can help businesses promote Small Business Saturday? A) Posting long essays. B) Streaming movies. C) Using hashtags like #ShopSmall. D) Deleting comments. Show Answer Correct Answer: C) Using hashtags like #ShopSmall. 4. At the early stage of considering a business idea, what should you focus on? A) Writing a full business plan. B) Thinking about the initial practicalities of the idea. C) Hiring a large staff immediately. D) Launching the business right away. Show Answer Correct Answer: B) Thinking about the initial practicalities of the idea. 5. Small Business customers will get a $ 15 additional line Monthly Service Fee discount on Rogers Infinite Share plans. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 6. How do small businesses contribute to the economic fabric of a community? A) By avoiding innovation. B) By reducing employment opportunities. C) By stimulating economic growth. D) By increasing unemployment rates. Show Answer Correct Answer: C) By stimulating economic growth. 7. What drives an entrepreneur to create a new product or service? A) Government orders. B) Fear of competition. C) Identifying a market need or opportunity. D) Avoiding challenges. Show Answer Correct Answer: C) Identifying a market need or opportunity. 8. Which one is not an online marketing platforms? (Three of them are!) A) Email. B) Google Ads. C) TV ads. D) Social Media. Show Answer Correct Answer: C) TV ads. 9. If you take advantage of modern marketing techniques, you might make this idea a(n) ..... business. A) Obtainable. B) Risky. C) Viable. D) None of the above. Show Answer Correct Answer: C) Viable. 10. What does the term "incorporated" mean in the context of business structures? A) It refers to the process of merging two companies into one entity. B) It indicates the process of registering a business with the government. C) It signifies the process of becoming a separate legal entity from the owner/s. D) It denotes the process of creating a partnership agreement. Show Answer Correct Answer: C) It signifies the process of becoming a separate legal entity from the owner/s. 11. Customers activating a tablet on BYOD get ..... GB data bonus A) 4. B) 3. C) 2. D) 1. Show Answer Correct Answer: D) 1. 12. Which of the following best describes the term limited liability? If the business fails: A) Personal possessions of the owner can be taken to pay any debts. B) The owner is personally liable for all the debts of the business. C) There is no limit on the amount the owner has to pay to settle debts. D) The owner only loses the amount invested in the business. Show Answer Correct Answer: D) The owner only loses the amount invested in the business. 13. Door-to-door sales refers to the method of selling whereby: A) Companies and retailers target certain suburbs with advertising brochures. B) A salesperson visits a customer's home with the intention of selling a particular product. C) Companies and retailers sell products by cold calling over the phone. D) Companies and retailers sell products by sounding car horns and playing music from mobile vans (such as ice-cream retailers). Show Answer Correct Answer: B) A salesperson visits a customer's home with the intention of selling a particular product. 14. Which of the following is NOT one of the three main roles needed to run a business start-up? A) Developer. B) Entrepreneur. C) Manager. D) Investor. Show Answer Correct Answer: D) Investor. 15. CRM stands for what? A) Customer Relationship Management. B) Custom Relation Managers. C) Customer Relationship Managers. D) Custom Relation Management. Show Answer Correct Answer: A) Customer Relationship Management. 16. Evan Spiegel co-founder of Snapchat made $ 272 million on the day of his company's IPO in 2017. This is an example of a: A) Harvest plan. B) Consumer plan. C) All the above. D) None of the above. Show Answer Correct Answer: A) Harvest plan. 17. There are three characteristics that help identify a business opportunity. Which one is NOT a characteristic? A) Marketing. B) Service. C) Price. D) Quality. Show Answer Correct Answer: A) Marketing. 18. Entrepreneurs will work very long hours-often 7 days a week. This means that: A) Plenty of time will remain to pursue personal and family interests. B) Personal interests will often take a backseat to the business. C) All the above. D) None of the above. Show Answer Correct Answer: B) Personal interests will often take a backseat to the business. 19. Developing a sales presentation is part of the ..... step of a sales process. A) Preparation. B) Follow-up. C) Physical. D) B2B. Show Answer Correct Answer: A) Preparation. 20. The most popular use of business plans is to persuade lenders and investors to finance the venture. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 21. What is an effective approach for small businesses to monitor the success of their global promotional campaigns? A) Focusing only on sales figures. B) Tracking key performance indicators (KPIs) like customer engagement and brand awareness. C) Ignoring customer feedback. D) Relying solely on advertising costs. Show Answer Correct Answer: B) Tracking key performance indicators (KPIs) like customer engagement and brand awareness. 22. Who is above everyone? A) CEO. B) CFO. C) COO. D) Non of the above. Show Answer Correct Answer: A) CEO. 23. Looking for things that need to be done and doing them is the definition of: A) Initiative. B) Loyalty. C) All the above. D) None of the above. Show Answer Correct Answer: A) Initiative. 24. One can expect their sales volume to be high when they are in ..... fit. A) Product/market. B) Price/quality. C) Location/brand. D) Promotion/channel. Show Answer Correct Answer: A) Product/market. 25. What is a 'niche market' A) A small target group of customers who prefers a particular product or serive. B) A large target group of customers. C) Customers who do not know what they prefer. D) A market that is too small to produce for. Show Answer Correct Answer: A) A small target group of customers who prefers a particular product or serive. ← PreviousNext →Related QuizzesClass 11 Business Studies Chapter 8 Small Business Quiz 1Class 11 Business Studies Chapter 8 Small Business Quiz 2Class 11 Business Studies Chapter 8 Small Business Quiz 3Class 11 Business Studies Chapter 8 Small Business Quiz 4Class 11 Business Studies Chapter 8 Small Business Quiz 5Class 11 Business Studies Chapter 8 Small Business Quiz 6Class 11 Business Studies Chapter 8 Small Business Quiz 7Class 11 Business Studies Chapter 8 Small Business Quiz 8Class 11 Business Studies Chapter 8 Small Business Quiz 9Class 11 Business Studies Chapter 8 Small Business Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books