This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 8 Small Business – Quiz 38 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 8 Small Business Quiz 38 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The date a loan (or debt or liability) is due to be repaid in full. A) Maturity. B) Billing Date. C) All the above. D) None of the above. Show Answer Correct Answer: A) Maturity. 2. What is the second line offer on Bell SBIS for New Activations & HUGs? A) $ 10 off per line on 2+ Lines. B) $ 15 off per line on 2+ Lines. C) $ 25 off per line on 2+ Lines. D) None Of The Above. Show Answer Correct Answer: C) $ 25 off per line on 2+ Lines. 3. What is 'start-up capital'? A) Money needed to pay for initial requirements before receiving revenue. B) Money earned after the business is successful. C) Money used for advertising only. D) Money given as a reward to employees. Show Answer Correct Answer: A) Money needed to pay for initial requirements before receiving revenue. 4. No business can exist without repeat customers. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 5. Which funding source is often considered "seed money" for a small business start-up? A) Venture capital. B) Angel investors. C) Bank loans. D) Grants. Show Answer Correct Answer: B) Angel investors. 6. Organizational structure in which business functions are subordinate to the other A) Survey. B) Organizational Structure. C) Hierarchical Structure. D) Learning Based Structure. Show Answer Correct Answer: C) Hierarchical Structure. 7. Salary A) Fixed payment amount for each pay period. B) Payment for the hours an employee has worked. C) A fee paid to an employee for completing a task. D) Compensation for the number of units an employee produces. Show Answer Correct Answer: A) Fixed payment amount for each pay period. 8. Term loans disadvantages do not include A) Can be designed for the needs of a business. B) Fixed payments must be budgeted. C) Involves a commitment for an extended period of time. D) Security may be required. Show Answer Correct Answer: A) Can be designed for the needs of a business. 9. Preparation and considering the worst case scenario is part of:(KLO 1.2) A) A) Negotiation strategy. B) B) Delaying tactic. C) C) Purpose of questioning. D) D) All of the above. Show Answer Correct Answer: A) A) Negotiation strategy. 10. What is the disadvantage of a partnership? A) Growth potential. B) Unlimited liability for general partners. C) Limited liability. D) Limited appeal for some entrepreneurs. Show Answer Correct Answer: B) Unlimited liability for general partners. 11. The amount of money needed to open a business is called ..... financing. A) Start-up. B) Short-term. C) Long-term. D) None of the above. Show Answer Correct Answer: A) Start-up. 12. Which of the following is NOT a type of business entity? A) Partnership. B) Franchise. C) Sole Proprietorship. D) Limited Liability Company. Show Answer Correct Answer: B) Franchise. 13. Micro enterprise under service category is where the investment in plant and machinery does not exceed ..... A) 5 lakhs. B) 10 lakhs. C) 15 lakhs. D) 20 lakhs. Show Answer Correct Answer: B) 10 lakhs. 14. Which of the following steps of the consumer decision making process involves comparing the product to expectations and deciding whether it is satisfying or dissatisfying? A) Alternative evaluation. B) Post-purchase evaluation. C) Information searching. D) Need identification. Show Answer Correct Answer: B) Post-purchase evaluation. 15. Outdated technology leads to high productivity. True or False? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 16. Which of the following is not a reason for starting a small business? A) Desire to determine one's own destiny. B) Willingness to find and accept a challenge. C) Desire for a guaranteed financial return. D) Desire for independence. E) Desire to create a new business. Show Answer Correct Answer: C) Desire for a guaranteed financial return. 17. What is a partnership business? A) A small business. B) A business controlled by the government. C) A business owned by two or more people. D) None of the above. Show Answer Correct Answer: C) A business owned by two or more people. 18. What is a disadvantage of using Retained Profits as a source of finance? A) Once the money is gone, it is not available for future unforeseen problems. B) No interest payments to make. C) Easy access to the money. D) Does not need to be paid back. Show Answer Correct Answer: A) Once the money is gone, it is not available for future unforeseen problems. 19. Who owns stock in the company? A) CEO. B) Stockholder. C) Founder. D) COO. Show Answer Correct Answer: B) Stockholder. 20. What is the main function of National Bank of Agriculture and Rural Development(NABARD) A) Creating a business environment for women entrepreneurs. B) Supporting cottage and village industries. C) Creating awareness on technology upgradation. D) To create sustainable employment opportunities. Show Answer Correct Answer: B) Supporting cottage and village industries. 21. A detailed to do list of steps you'll need to take to go from concept and funding all the way to business launch. A) Geaux biz portal. B) Credit. C) Capital. D) Launch plan. Show Answer Correct Answer: D) Launch plan. 22. Money provided by large investors to finance new products and new businesses that have a good chance to be very profitable is known as A) A loan. B) Credit. C) Venture capital. D) Start-up funding. Show Answer Correct Answer: C) Venture capital. 23. A prototype is: A) When 2 or more people own a company. B) The first representation of a business owner's product. C) One person that owns a company. D) A picture from a camera phone. Show Answer Correct Answer: B) The first representation of a business owner's product. 24. Which one of these is not a characteristic of a small business A) The main objective is to maximize profits. B) They are owned by the state. C) They don't sell products in large quantities they break the products into smaller quantities. D) None of the above. Show Answer Correct Answer: B) They are owned by the state. 25. 7A loans can cover up to $ ..... million. A) 5.5. B) 3. C) 10. D) 5. Show Answer Correct Answer: D) 5. ← 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