This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 8 Small Business – Quiz 63 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 8 Small Business Quiz 63 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Olivia is monitoring the recent fashions on a popular reality television show. What type of fluctuation is she monitoring? A) Lifestyle. B) Style and Entertainment. C) Inventions and Technology. D) None of the above. Show Answer Correct Answer: B) Style and Entertainment. 2. What is one way a start-up differs from an existing business? A) Higher cost of buying. B) More creative freedom. C) Less chance of success. D) More established customer base. Show Answer Correct Answer: B) More creative freedom. 3. Suppose you want to get more experience and be a skillful accountant, which kind of company will help you better? A) Large business. B) Small business. C) All the above. D) None of the above. Show Answer Correct Answer: A) Large business. 4. What should be done to smartphone settings to enhance security? A) Enable automatic connections to public Wi-Fi. B) Disable automatic connections to public Wi-Fi. C) Increase screen brightness. D) Decrease volume. Show Answer Correct Answer: B) Disable automatic connections to public Wi-Fi. 5. This is the third stage of the business life cycle; the business is stable and profitable. A) Takeoff. B) Success. C) Survival. D) Maturity. Show Answer Correct Answer: B) Success. 6. Have you checked the ASX lately? A) Yes. B) No. C) All the above. D) None of the above. Show Answer Correct Answer: A) Yes. 7. Louisiana Workforce Commission A) Federal. B) State. C) Local. D) None of the above. Show Answer Correct Answer: B) State. 8. How do small businesses in India create job opportunities? A) By outsourcing all work to other countries. B) By hiring local workers, contributing to the economy, and fostering entrepreneurship. C) By automating all processes and reducing the need for human workers. D) By only hiring foreign workers and not contributing to the local economy. Show Answer Correct Answer: B) By hiring local workers, contributing to the economy, and fostering entrepreneurship. 9. The U.S Small Business Administration (SBA) microloan program lends an average of $ 50, 000 to start-up businesses through community nonprofit organizations. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 10. True or false:advance (in spite of opposition)=masquerade as A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 11. In this type of partnership the profits, liability and management duties are divided equally among partners. A) General Partnership. B) Limited Partnership. C) All the above. D) None of the above. Show Answer Correct Answer: A) General Partnership. 12. Fairly and efficiently collects state tax revenue to fund public services. A) Louisiana Secretary of State. B) Louisiana Workforce Commission. C) Louisiana Department of Revenue. D) Louisiana Economic Development. Show Answer Correct Answer: C) Louisiana Department of Revenue. 13. Two superiors ask an employee to do a task, and both cannot be accomplished at the same time is an example of (KLO 1.2) A) A. role. B) B. duty. C) C. responsibility. D) D. Overlap conflict. Show Answer Correct Answer: D) D. Overlap conflict. 14. ....requires having a clear understanding of the job's duties and responsibilities. (KLO 3.7, 3.8) A) A. Job duty. B) B. Job requirement. C) C. Job description. D) D. None of the above. Show Answer Correct Answer: C) C. Job description. 15. What should employees be reminded to do with paper files? A) Leave them on the table. B) Put them in locked file cabinets. C) Share them with friends. D) Take them home. Show Answer Correct Answer: B) Put them in locked file cabinets. 16. Branding is part of which of the 4Ps? A) Price. B) Place. C) Promotion. D) Product. Show Answer Correct Answer: C) Promotion. 17. Paid form of ideas, goods and services are called ..... A) Publicity. B) Goodwill. C) Public relation. D) Advertisement. Show Answer Correct Answer: D) Advertisement. 18. The phenomenon demonstrating individuals desire to get along and avoid conflict is known as which of the following? A) Crowd concept. B) Groupthink. C) Dissonance repression. D) Controversy avoidance. Show Answer Correct Answer: B) Groupthink. 19. Food processing such as Jams and Jellies are create from cottage industries in Jamaica. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. The statement: "to increase our brand recognition" is an example of which of the following? A) Mission statement. B) Goal. C) Objective. D) Tactic. Show Answer Correct Answer: B) Goal. 21. What is a potential threat to businesses connected to the Internet? A) Increased brand loyalty. B) Threats from computer hackers and viruses. C) More efficient supply chain management. D) Lower operational costs. Show Answer Correct Answer: B) Threats from computer hackers and viruses. 22. Which of the following methods will give businesses the most information about their customers? A) Leafleting. B) Online advertisement. C) Loyalty card. D) Buy one, get one free offer. Show Answer Correct Answer: C) Loyalty card. 23. Academic entrepreneurship refers to the commercialization of innovations and intellectual property developed within academic institutions such as universities, research centers, or laboratories. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 24. As long as financial records are maintained, it is not important for them to be recorded electronically or written documentation. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 25. Why is it important to have a clear strategy when presenting a business plan? A) To impress the audience with complex language. B) To demonstrate a well-versed grasp of the market and respond effectively to questions. C) To avoid listening to comments and criticisms. D) To focus only on financial data. Show Answer Correct Answer: B) To demonstrate a well-versed grasp of the market and respond effectively to questions. ← 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