This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 8 Small Business – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 8 Small Business Quiz 14 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which marketing strategy involves creating valuable content to attract customers? A) Content Marketing. B) Paid Advertising. C) Direct Sales. D) Public Relations. Show Answer Correct Answer: A) Content Marketing. 2. Mary works for a tech company and is designing a new style of headphones. Which intellectual property law would best protect Mary's design? A) Trademark. B) Patent. C) Trade secret. D) Copyright. Show Answer Correct Answer: B) Patent. 3. Which of the following is not one of the 5 human relations skills that managers need to develop to be successful A) Self-Understanding. B) Keep social media accounts current. C) Understanding others. D) Developing job satisfaction. Show Answer Correct Answer: B) Keep social media accounts current. 4. What is a common characteristic of supply chain management in small businesses? A) International sourcing. B) Local vendors for supplies. C) Managing factories in different regions. D) Automated production systems. Show Answer Correct Answer: B) Local vendors for supplies. 5. Retired business people can belong to an organization that provides specialized assistance to small-business owners. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 6. Your website domain name:KLO 1.3 A) Come with the website design. B) Purchased separately and paid periodically. C) Is the same as the website host name. D) All of the above. Show Answer Correct Answer: B) Purchased separately and paid periodically. 7. It is not in the interest of our countries to ..... industries that are never going to be viable without protection and subsidies. A) Keep afloat. B) Be self-employed. C) Assume. D) None of the above. Show Answer Correct Answer: A) Keep afloat. 8. What does a Business Plan act as? A) A legal document for taxation purposes. B) A resume for potential employees. C) A guide and reference document. D) A public advertisement. Show Answer Correct Answer: C) A guide and reference document. 9. This is the drive and love that entrepreneurs have for what they do. A) Passion. B) Vision. C) Perseverance. D) Persuasiveness. Show Answer Correct Answer: A) Passion. 10. The activity of setting up a business or businesses, taking on financial risk in hope of profit. A) Leadership. B) Entrepreneurship. C) Planning. D) Designing. Show Answer Correct Answer: B) Entrepreneurship. 11. Why may banks and other lenders be reluctant to give loans to small business owners? A) The owner does not have enough capital. B) Small business owners cant offer a wide range of products. C) It is risky because small business owners have few assets. D) The banks do not care about small business owners. Show Answer Correct Answer: C) It is risky because small business owners have few assets. 12. Present industrial minister of India A) Ramnath Govind. B) Suresh prabhu. C) Piyush Goyal. D) None of the above. Show Answer Correct Answer: C) Piyush Goyal. 13. Which market segment anticipates a customer's needs? A) Behavioral. B) Demographic. C) Geographical. D) Psychographic. Show Answer Correct Answer: A) Behavioral. 14. An example of Operating System Software could be A) MS Word. B) Windows XP. C) Microtype. D) MS Excel. Show Answer Correct Answer: B) Windows XP. 15. What percentage of all US sales do small businesses account for? A) 54%. B) 60%. C) 70%. D) 45%. Show Answer Correct Answer: A) 54%. 16. Distribution industries include which of the following: A) Mowing a yard. B) Selling clothes to a retail store. C) Making computers. D) Real estate. Show Answer Correct Answer: B) Selling clothes to a retail store. 17. The following characteristic of small business that is generally lower than companies that operate on a larger scale? A) A. Limited Area of Fewer Locations. B) B. Local Area of Operations. C) C. Lower Revenue. D) None of the above. Show Answer Correct Answer: C) C. Lower Revenue. 18. A Performance Bank Guarantee ensures: A) Payment for goods purchased. B) Execution of a contractual obligation. C) Advance refund. D) Debt repayment. Show Answer Correct Answer: B) Execution of a contractual obligation. 19. The ..... point is the amount of revenue required to cover expenses. A) Break-even. B) Profit margin. C) Equity. D) Production. Show Answer Correct Answer: A) Break-even. 20. Giovanni would like to start his own business, but he has very little savings. Additionally, his family isn't willing to invest any money into his business because they fear it may fail. Giovanni's bank is also unwilling to provide a loan that is large enough to start the business. This is an example of which disadvantage of small business? A) Risk of failure. B) Inability to adapt to change. C) Limited potential. D) Limited ability to raise capital. Show Answer Correct Answer: D) Limited ability to raise capital. 21. What corporation owns Whole Foods? A) Amazon. B) Facebook. C) Twitter. D) Panera Bread. Show Answer Correct Answer: A) Amazon. 22. This is the ability to see what is possible when others can't. A) Passion. B) Vision. C) Perseverance. D) Persuasiveness. Show Answer Correct Answer: B) Vision. 23. Sarah works at an auto shop. She performs repairs & maintenance while abiding by the safety guidelines at the shop. Sarah also ensures that all work she performs adheres to company policies. She is paid an hourly wage. Which best describes the role that Sarah plays? A) CFO. B) Stakeholder. C) Employee. D) COOTagsROLES. Show Answer Correct Answer: C) Employee. 24. ..... ..... refers to a company's ability to turn customers into repeat buyers and prevent them from switching to a competitor. A) Segmentation Methods. B) Customer Referral. C) Corporate Structure. D) Customer Retention. Show Answer Correct Answer: D) Customer Retention. 25. This is also called a "Market Economy", where businesses are owned by private individuals & groups. A) Free Enterprise System. B) Market Economy. C) Command Economy. D) Traditional Economy. Show Answer Correct Answer: A) Free Enterprise System. ← 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