7/22/2019 Quiz 002

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Dashboard My courses ENTR-101-LEC-1913T Week 2: Small Business and Its Nature Quiz 002
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Question 1 Accounting firms is under what type of service business?

Not yet
answered
Select one:
 Marked out of
a. Entertainment and recreation
1.00
 b. Business services

c. Personal services

d. Repair services

 Clear my choice

Question 2 A small business has total assets of

Not yet
answered
Select one:
Marked out of
a. Below Php1.5 million
1.00
b. Above Php16 million to 20 million

c. Above Php1.5 million to Php15 million.

d. Above Php 20 million to 40 million

Clear my choice

Question 3 In this type of small business, conversion of raw materials into

Not yet products are involved
answered

Marked out of Select one or more:

1.00
a. A. Manufacturing

b. Retailing

c. Wholesaling

d. Service

Question 4 An economic importance of small business wherein most of the

Not yet small businesses are engaged in the production of products
answered
and services for consumers.
Marked out of
1.00
Select one:
a. Distributors of products and services of other businesses.

b. Suppliers of products and services to other businesses.

c. Providers of economic opportunities for entrepreneurs

d. Providers of product and services to consumers

Clear my choice

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7/22/2019 Quiz 002

Question 5 Owning one's business and running a _________ one can be an

Not yet opportunity to entrepreneurs to learn more about how to run a
answered
business effectively.
Marked out of
 1.00
Select one:
a. Small
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b. Medium
 c. Large

d. All of the choices


Clear my choice


 Question 6 A small business which sells goods and services to final

Not yet consumers.
 answered

Marked out of Select one:

 1.00
a. Retailing

b. Wholesaling

c. Service

d. Manufacturing

Clear my choice

Question 7 With regards to ownership, which of the following is true in small

Not yet business?
answered

Marked out of Select one:

1.00
a. is in the form of cooperative

b. is in any form

c. is in the form of sole proprietorship or partnership.

d. is in the form of corporation

Clear my choice

Question 8 In running a small business, an entrepreneur can do what he

Not yet loves to do and at the same time making money out of it.
answered

Marked out of Select one:

1.00
True

False

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7/22/2019 Quiz 002

Question 9 With regards to market share, which of the following is true in

Not yet small business?
answered

Marked out of Select one:

 1.00
a. A small scale business serves a bigger area than in the
large scale business. Usually, this type of business serve
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more than one community.

 b. A small scale business serves a smaller area than in the

large scale business. Usually, this type of business serve one
 single community.

c. A small scale business serves a smaller area than in the

 large scale business. Usually, this type of business serve
more than one community.
 d. A small scale business serves a bigger area than in the
large scale business. Usually, this type of business serve one
 single community.

Clear my choice


Question 10 Future entrepreneurs should not take financial risk because in

Not yet entering a business only positive sides should be considered.
answered

Marked out of Select one:

1.00
True

False

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