Business Lifecycle

Business Lifecycle

7th - 10th Grade

10 Qs

quiz-placeholder

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Business Lifecycle

Business Lifecycle

Assessment

Quiz

Business

7th - 10th Grade

Practice Problem

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the five stages of a business lifecycle?

Seed and Development, Beginning, Expansion, Maturity and Decline

Seed and Development, Start-up, Expansion, Maturity and Decline

Idea, Beginning, Expansion, Maturity and Decline

Idea, Problem-solving, Maturity and Decline

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: During the Seed and Development stage, there is little pressure on cashflow.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During the Startup stage of a business lifecycle:

Profits are high

Profits are low and cash outlays are greater than cash inflows

cash outlays are smaller than cash inflows

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is there increased pressure on financial and human resource needs during the Expansion stage of business lifecycle?

It costs money to set up additional outlets, and there is no need for extra employees.

It doesn't take much money to expand.

The owner wants to take holidays, so needs money for the holiday and also to pay someone to run the business.

It costs money to set up additional outlets, and more employees are needed to man the new office.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens during the Maturity stage of a business lifecycle?

Market share is declining.

Profits are dropping off because the number of customers are declining

Competitors are taking market share, and business profits begin to decline.

All of the above.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do businesses put strong financial control measures in place?

Businesses don't believe financial control measures are as important as Inventory control.

To minimise risk of errors and fraud.

All of the above.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does segregation of duties mean?

To separate allocation of duties between a number of employees.

To combine allocation of duties between a couple of employees.

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