Entrepreneurship and Small Business Management MCQs and Notes

P

Praveen Singh • 36.81K Points
Coach

Q 81. The other names for a small business include:

(A) Entrepreneurial businesses

(B) Small businesses

(C) Small-to-medium-sized-businesses

(D) none

V

Vijay Sangwan • 28.62K Points
Instructor II

Q 82. New small business owners have which of the following two common motivations?

(A) Be their own bosses, greater reward potential

(B) Achieve dependence, less reward potential

(C) Achieves dependence, become a stakeholder

(D) Be their own bosses, lower reward potential

V

Vinay • 28.75K Points
Instructor II

Q 83. All of the following are questions that should be considered in the environmental and industry analysis section of the business plan except:

(A) what are total industry sales over the past five years?

(B) Who are the nearest competitors?

(C) What is my promotional strategy?

(D) What is anticipated growth in this industry?

R

Rakesh Kumar • 28.44K Points
Instructor II

Q 84. _______ identifies potential hazards and alternative strategies to meet business plan goals and objectives.

(A) Assessment of risk

(B) Financial planning

(C) Alternative planning analysis

(D) The financial plan

S

Shiva Ram • 30.44K Points
Instructor I

Q 85. Which of the following documents is not usually included in the Financial Plan?

(A) Statement of cash flows

(B) Income statement

(C) Price lists from suppliers

(D) Projected balance sheet

A

Admin • 36.96K Points
Coach

Q 86. Equity investors often place more emphasis on the entrepreneur's _________ than lenders do.

(A) character

(B) experience

(C) financial records

(D) personal viewpoint

R

Ram Sharma • 193.86K Points
Coach

Q 87. When evaluating business plans _________ are primarily concerned with the general guidelines of credit.

(A) investors

(B) employees

(C) vendors

(D) lenders

G

Gopal Sharma • 38.32K Points
Coach

Q 88. The depth and detail of a business plan depend on:

(A) The target audience.

(B) The size and scope of the new venture.

(C) The experience of the entrepreneur.

(D) The amount of capital needed.

R

Rakesh Kumar • 28.44K Points
Instructor II

Q 89. Which of the following interested parties should not have access to the venture's business plan?

(A) Competitors

(B) Lenders

(C) Investors

(D) Suppliers

P

Priyanka Tomar • 35.28K Points
Coach

Q 90. Which of the following statements is (are) true?

(A) The business plan describes both internal and external elements.

(B) The preliminary business plan should be prepared by a lawyer.

(C) Most business plan resources on the Internet are too complex and expensive to be of use to the new venture.

(D) Once made, a business plan should not be changed.