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Class 11 Business Studies Chapter 8 Small Business Quiz 74 (25 MCQs)

Quiz Instructions

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1. What is a challenge associated with digital products?
2. To whom does the CEO report?
3. Which type of sales event primarily focuses on introducing a new product to the market and creating hype around it?
4. Expanding the product line
5. As per MSMED, 2006, manufacturing Enterprises are defined in terms of investment in ..... mobile service Enterprises are defined in terms of their investment in .....
6. In a sole proprietorship, who is responsible for all debts and losses?
7. Why do small businesses help stimulate economic growth according to the text?
8. Which of the following is NOT a strategy for dealing with risk?
9. Small Businesses are not the backbone of the economy.
10. Are you able to ..... conflicts between business and personal goals?
11. Un negocio no puede funcionar sin
12. Buildings and storage is a type of
13. When is Small Business Saturday held each year?
14. Allows the owner to pay taxes on their profits or losses through their own taxes using a personal tax rate. This legal structure is ideal for a single owner seeking low risk
15. This is an independent agency of the federal government with the mission of aiding, counseling, and assisting entrepreneurs and small businesses.
16. A ..... refers to the net profit the company wants to make from the sale and is usually represented using a percentage.
17. In a business plan, it is NOT important to describe the industry in which you will operate
18. Maintain the forms necessary to operate a business in good standing (example:annual report)
19. What is the success rate for agriculture businesses?
20. Before this entrepreneur was the multibillionaire we all know today, he worked at McDonald's for a summer and studied their automation system. His global online marketplace uses similar models of efficiency and speed. Who is he?
21. Owned by shareholders. The business (not the shareholders) is liable for all debts.
22. Ministry of agro and rural industries working through
23. What source document will a customer receive from a business if they purchase a good or service.
24. An IT office needs a financial specialist to prepare tax statements and other documents a few times a year. Which type of compensation would be best for this?
25. In the context of business, what does the term 'startup' refer to?
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