This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 8 Small Business – Quiz 95 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 8 Small Business Quiz 95 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which type of entrepreneurship is often associated with startups and new ventures? A) Social entrepreneurship. B) Private entrepreneurship. C) Traditional entrepreneurship. D) Corporate entrepreneurship. Show Answer Correct Answer: B) Private entrepreneurship. 2. Malik must submit a business plan with his loan application. He has just finished the section of the plan that discusses the weaknesses of the business and how he plans to deal with those. Malik has just completed the ..... section. A) Company and Industry. B) Critical Risks and Assumptions. C) Executive Summary. D) Financial Plan. Show Answer Correct Answer: B) Critical Risks and Assumptions. 3. In which step of the Design Thinking Process do you think of innovative solutions by challenging assumptions? A) Define. B) Empathize. C) MVP Prototype. D) Ideate. Show Answer Correct Answer: D) Ideate. 4. Money provided by large investors to finance new products and new business that have a good chance to succeed is A) Working capital. B) Investment capital. C) Risk capital. D) Venture capital. Show Answer Correct Answer: D) Venture capital. 5. What is a public limited company? A) A company owned by family and friends. B) A company that does not pay taxes. C) A company that can sell shares to the public. D) A company with unlimited liability. Show Answer Correct Answer: C) A company that can sell shares to the public. 6. What is a common tool used to build customer relationships in small businesses? A) Customer Relationship Management (CRM) systems. B) Supply chain management systems. C) Production tracking tools. D) Cost accounting software. Show Answer Correct Answer: A) Customer Relationship Management (CRM) systems. 7. Out of the following which one is not a feature of small business? A) Capital intensive. B) Slow decisions. C) Both capital intensive and slow decisions. D) Low capital investment. Show Answer Correct Answer: C) Both capital intensive and slow decisions. 8. How much can the investment ceiling be raised for certain export promotion units in small-scale industries? A) Rs. 20 lakhs. B) Rs. 75 lakhs. C) Rs. 30 lakhs. D) Rs. 50 lakhs. Show Answer Correct Answer: D) Rs. 50 lakhs. 9. Choose the correct word to complete the sentence:'The entrepreneur decided to ..... a new strategy for market expansion.' A) Devise. B) Device. C) Advise. D) Advice. Show Answer Correct Answer: A) Devise. 10. What does the marketing mix consist of? A) Product, Price, Place, Promotion. B) Cost, Quality, Service, Delivery. C) Sales, Marketing, Advertising, Distribution. D) Brand, Image, Reputation, Trust. Show Answer Correct Answer: A) Product, Price, Place, Promotion. 11. Which of the following is one of the reasons why small businesses fail? A) The owner has a lack of sales and management experience. B) The owner is an immigrant. C) The owner allows customers to charge purchases. D) All the answers are correct. Show Answer Correct Answer: A) The owner has a lack of sales and management experience. 12. Modifying computer systems to improve production & workflow-or-expanding systems to serve a new purpose is A) Managing. B) Analyzing. C) Networking. D) Troubleshooting. Show Answer Correct Answer: B) Analyzing. 13. As per the ministry of Commerce and industry startup means and entity in corporated or registered in India which is not older than ..... Years A) Two. B) Three. C) Four. D) Five. Show Answer Correct Answer: D) Five. 14. In which way does the video suggest businesses engage with customers for effective branding? A) Ads only. B) Authentic conversations. C) Spamming social media. D) Hiring influencers. Show Answer Correct Answer: B) Authentic conversations. 15. A social intrapreneur is someone who provides funding for those in 3rd world countries. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. In MPBF Method I, the formula is: A) 75% of (Current Assets-Current Liabilities other than bank borrowings). B) 75% of Current Assets-Current Liabilities. C) Current Assets-Current Liabilities. D) 75% of Total Assets. Show Answer Correct Answer: A) 75% of (Current Assets-Current Liabilities other than bank borrowings). 17. A negotiation is discussed in a tone that focuses attention on the need to reach a satisfactory solution by:(SS 1.A) A) A) joint problem-solving. B) B) force. C) C) setting conditions. D) D) making proposals. Show Answer Correct Answer: D) D) making proposals. 18. Portia knows the customers of her hat shop by name and knows each of their preferences. What small business advantage does this demonstrate? A) Personal relationships with customers. B) Simplified record keeping. C) Ability to adapt to change. D) Independence. Show Answer Correct Answer: A) Personal relationships with customers. 19. Hamza is doing a business of khadi unit. He can produce 10000 units, but he produce only 8000 units. Why he underutilize the capacity of his plant A) Lack of demand. B) Lack of marketing skill. C) Both. D) None of the above. Show Answer Correct Answer: C) Both. 20. Which part of the business plan provides a brief overview that convinces the reader to continue reading? A) Marketing Plan. B) Pitch Deck. C) Executive Summary. D) Financial Plan. Show Answer Correct Answer: C) Executive Summary. 21. What role do State Industrial Development Corporations (SIBs) play in entrepreneurship? A) Provide venture capital. B) Promote industrial development. C) Conduct market research. D) Offer legal advice. Show Answer Correct Answer: B) Promote industrial development. 22. An interest calculation that accrues (sums of money, or benefits, be received by someone in regular or increasing amounts over time) the interest percentage for each of a loan is considered? A) Simple Interest. B) Compound Interest. C) Partial Interest. D) Collection Interest. Show Answer Correct Answer: B) Compound Interest. 23. Flat rate of interest is A) Applied to the principal amount over the borrowed fixed term. B) Based on the current amount owed. C) No interest is charged. D) None of the above. Show Answer Correct Answer: A) Applied to the principal amount over the borrowed fixed term. 24. What are the key characteristics of a successful small business in rural India? A) Ignoring the needs of the local community. B) Understanding the local market, adapting to the needs of the community, and leveraging available resources. C) Investing in high-end technology and infrastructure. D) Relying solely on imported goods for business operations. Show Answer Correct Answer: B) Understanding the local market, adapting to the needs of the community, and leveraging available resources. 25. What is the competetive strength of small business? A) Low cost of production. B) High cost of production. C) Both A and B. D) None of these. Show Answer Correct Answer: A) Low cost of production. ← 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