wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

SMALL BUSINESS

Total questions: 20

Worksheet time: 20mins

Name
Class
Date
1.
An individual who undertakes the risk associated with creating, organizing, and owning a business.
a)
Entrepreneurship
b)
Entrepreneur
c)
Venture
2.
The process of starting & operating one's own business.
a)
Entrepreneurship
b)
Entrepreneur
c)
Venture
3.

these are the examples of village industries in UAE

a)

Ship Building and Oil Industry

b)

Cattle Rearing & Pottery

c)

Spices & Textile

d)

Marble and Shoe manufacturing

4.
Who can own a small business?
a)
Only a college graduate
b)
Anyone
c)
Only someone with a lot of money
d)
Only smart people
5.
What goods and/or services do small businesses provide? 
a)
Personal services
b)
Professional services
c)
Ready to eat food
d)
All of these and more
6.
_______ financing is the money needed to pay for the current operating activities of a business.
a)
Long-Term
b)
Owner
c)
Short-Term
d)
Start-up
7.
Many small businesses have an advantage over larger businesses because they are better able to _____
a)
Provide unique services to customers
b)
Market their products
c)
Raise large amounts of financial capital
d)
Mass produce products
8.

To process imported raw materials,which institute help SSI:

a)

NSIC

b)

DIC

c)

BOTH

d)

NONE OF THE ABOVE

9.

When your brand get legal protection and no one else is allowed to use it,this is called :

a)

Copy right

b)

Patent

c)

Trade Mark

d)

None of the above

10.

IPR stands for

a)

a. intelligent person rights

b)

b. intellectual Property Rights

c)

c. internal Property rights

d)

d. International Property Rights

11.
The first step in developing a business plan is to...
a)
identify strategic alternatives
b)
write the plan
c)
gather and review information
d)
ask an expert to review the plan
12.
Anyone can be an entrepreneur and:
a)
you must be 21 years of age to get started.
b)
you can begin at any age. 
13.
Entrepreneurship is the process of starting, organizing, managing, and assuming the responsibility for a business.
a)
True
b)
False
14.

Which of the following would be an example of an expense for a business?

a)

Paying staff wages

b)

Selling a product

c)

Renting an apartment to your tenant

d)

Collecting interest on an investment

15.

Which of the following would be an example of revenue for a business?

a)

Paying rent

b)

Selling a product

c)

Paying for utilities

d)

Buying supplies to make your product

16.

Which situation would result in a business having a profit?

a)

If the owner buys matching uniforms

b)

If the revenue is less than the expenses

c)

If the revenue is greater than the expenses

d)

If the owner buys coffee for the employees every morning

17.

What does it mean when a company reports a "loss"?

a)

The factory is producing less

b)

the company's expenses are more than its revenues

c)

the company's revenues are more than its expenses

d)

The company's CEO quit

18.

To protect a process,method or innovation one gets:

a)

Copy right

b)

Patent

c)

Trade mark

d)

None of the above

19.

Manufacturing enterprises are classified unto

a)

Micro small and medium

b)

Micro tiny and small

c)

Small and medium

20.

For promotion of small industries central government set up

a)

Ministry of micro, medium and small enterprises

b)

Ministry of agro and rural industries

c)

Both