SMALL BUSINESS MANAGEMENT

SMALL BUSINESS MANAGEMENT

University

10 Qs

quiz-placeholder

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SMALL BUSINESS MANAGEMENT

SMALL BUSINESS MANAGEMENT

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

MAZNIZA ABDULLAH

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of small business management?

Managing large corporations

Managing small businesses effectively

Avoiding risks in businesses

Managing non-profit organizations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is entrepreneurship?

A hobby to pass time

The process of designing, launching, and managing a business

A government policy for economic growth

A financial investment tool

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is entrepreneurship important in the economy?

It increases government expenses

It encourages innovation and job creation

It supports large corporations only

It reduces the need for education

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key characteristic of a successful entrepreneur?

Laziness

Lack of Focus

Perseverance

Dependency on others

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term ‘small business’ typically refer to?

Businesses with high revenue

Large-scale multinational companies

Independently owned and operated companies

Government-run organizations

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the roles of entrepreneurs in the economy?

Decreasing job opportunities

Importing goods only

Creating jobs and boosting innovation

Only working in technology sectors

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a key characteristic of an entrepreneur?

Creativity

Risk-taking

Procrastination

Visionary thinking

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