This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 8 Small Business – Quiz 72 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 8 Small Business Quiz 72 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Small businesses can have a positive impact on large businesses. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 2. Buying one of these will allow the owner to operate a business using a well-established brand name with proven business practices. A) Franchise. B) Corporate charter. C) All the above. D) None of the above. Show Answer Correct Answer: A) Franchise. 3. What is a proprietor? A) A new customer. B) A venture capitalist. C) An engine repair person. D) A business owner. Show Answer Correct Answer: D) A business owner. 4. Which type of sales event is characterized by its temporary and often unexpected nature, used to create buzz and uniquely engage with customers? A) Pop-Up Events. B) Road Shows. C) User Conferences. D) Product Launches. Show Answer Correct Answer: A) Pop-Up Events. 5. Small business contributes to rural development by- A) Increasing imports. B) Generating local employment. C) Promoting monopolies. D) Encouraging urban migration. Show Answer Correct Answer: B) Generating local employment. 6. What does "Financial Risk" refer to? A) The introduction of something new. B) The risk that financial stakeholders will lose money. C) A feeling of suitability for a particular career. D) An aspirational view of the future. Show Answer Correct Answer: B) The risk that financial stakeholders will lose money. 7. What can simplify the initial planning process of starting a business? A) Applying for licenses and permits. B) Registering your business. C) Choosing a business name. D) Buying an existing business or franchise. Show Answer Correct Answer: D) Buying an existing business or franchise. 8. How do small businesses contribute to the Indian economy? A) By outsourcing jobs, copying ideas, and reducing the GDP. B) By increasing inflation, monopolizing industries, and decreasing the GDP. C) By creating employment opportunities, driving innovation, and contributing to the GDP. D) By causing unemployment, stifling innovation, and decreasing the GDP. Show Answer Correct Answer: C) By creating employment opportunities, driving innovation, and contributing to the GDP. 9. An Internet strategy, where strangers learn about your business online and then decide whether or not to make an investment. A) Crowdfunding. B) Shark Tank. C) All the above. D) None of the above. Show Answer Correct Answer: A) Crowdfunding. 10. What happened when an employee left a flash drive on a coffeehouse table? A) It was returned safely. B) It was stolen. C) It was ignored. D) It was upgraded. Show Answer Correct Answer: B) It was stolen. 11. Which business structure is best for international business even with being double-taxed? A) C corporation. B) Sole proprietorship. C) Partnership. D) S corporation. Show Answer Correct Answer: A) C corporation. 12. Specific, time-sensitive accomplishments used to measure the progress toward achieving goals and the mission statement A) Business Plan. B) Mission. C) Goals. D) Objectives. Show Answer Correct Answer: D) Objectives. 13. Can you provide examples of successful small businesses? A) Nike, Coca-Cola, Disney. B) McDonald's, Starbucks, Walmart. C) Warby Parker, Glossier, Allbirds. D) Amazon, Apple, Google. Show Answer Correct Answer: C) Warby Parker, Glossier, Allbirds. 14. The decisions people make every day in relation to budgets and saving money have an impact on their financial position, wellbeing and lifestyle. These decisions are best described as: A) Financial planning. B) Debt control. C) Debt reduction. D) Financial gambling. Show Answer Correct Answer: A) Financial planning. 15. The DIC programme was launched in which year? A) 1988. B) 1978. C) 1998. D) 1958. Show Answer Correct Answer: B) 1978. 16. The SBA helps small firms sell their products ..... A) Abroad. B) To the federal government. C) To general public. D) None of the above. Show Answer Correct Answer: B) To the federal government. 17. Footfall is ..... A) How many people complain. B) How many people go in or walk past your business. C) How many customers don't come in the shop. D) A made up term. Show Answer Correct Answer: B) How many people go in or walk past your business. 18. Business ideas can come from A) Books and Magazines. B) Business Experience. C) All are correct. D) Hobbies and Interest. Show Answer Correct Answer: C) All are correct. 19. WHAT IS THE CLASSICATION OF SMALL BUSINESS? A) WITH INCOME OF 100 MILLION BAHT AND ABOVE. B) WITH 200 EMPLOYEES. C) NOT MORE THAN 50 EMPLOYEES IN THE MANUFACTURING SECTOR. D) ALL OF THE ABOVE. Show Answer Correct Answer: C) NOT MORE THAN 50 EMPLOYEES IN THE MANUFACTURING SECTOR. 20. What is the purpose of market analysis in a business plan? A) To describe products and services. B) To outline the organizational structure. C) To understand the target market and industry trends. D) To list the sources of funding. Show Answer Correct Answer: C) To understand the target market and industry trends. 21. Which company founded Small Business Saturday? A) Visa. B) Apple. C) American Express. D) Walmart. Show Answer Correct Answer: C) American Express. 22. A Business owner's personal credit history is considered when applying for business credit? A) No. B) Yes. C) All the above. D) None of the above. Show Answer Correct Answer: B) Yes. 23. ..... sales channels occur in person, where a customer can ask questions before purchasing. A) Physical. B) B2B. C) Online. D) Digital. Show Answer Correct Answer: A) Physical. 24. What is the role of the Small Industrial Development Bank of India (SIDBI)? A) The role of SIDBI is to promote and finance small-scale industries in India. B) To regulate foreign investments in India. C) To provide loans exclusively to large corporations. D) To manage the country's monetary policy. Show Answer Correct Answer: A) The role of SIDBI is to promote and finance small-scale industries in India. 25. Which professional association provides guidance for financial planners in Australia? A) The Australian Financial Association. B) The Financial Planning Association. C) The Australian Egg Corporation. D) The Consumers' Federation. Show Answer Correct Answer: B) The Financial Planning Association. ← 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