Bihar Board Class 12 (Commerce) Small Business — practice questions
48 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice Bihar Board Class 12 (Commerce) Small Business in the app →A frequent cause of bankruptcy among small businesses isUnder capitalization in a small firm is often the result ofContribution margin is calculated asA small business reaches break-even when its contribution margin equalsThe 'Entrepreneurial Myth' (E-Myth) assumes that a technical expert willAn owner-manager differs from an entrepreneur by whether the business isWhich planning tool do over half of small firms lack, despite its importance for success?Who usually insists on seeing a small firm's business plan?Self-employment is an organization created mainly toWhich term covers all new organizations, whether or not they intend to grow?A small business is an organization that is small andStartups are often, but not always, financed byThe European Union generally defines a small business as one with fewer than how many employees?Under the EU definition, a medium-sized business has fewer than how many employees?The Fair Work Act 2009 of Australia calls a business small if it has fewer than how many employees?The US Small Business Administration generally treats a manufacturer as small below how many employees?Besides employee count, a small firm's size may be judged byFranchising helps a small owner gain from the big firm'sA common complaint of franchisees is that they areA retailers' cooperative uses its purchasing power mainly toA key advantage of owning a small business is that the ownerMany small businesses can be startedCompared with large firms, small businesses haveWhich kind of reduced accounts begins profit or loss with gross profit rather than turnover?In filleted accounts, which statement is left out?Low sales caused by poor marketing is a primary reason for small businessWhich marketing channel has become affordable for small businesses?A well chosen channel of distribution may reduce a small firm'sA small business should keep its pricing flexible across the stages of itsMarket research for a small business should include desk research andWhich is risky because card interest is often several times a bank loan's rate?Which is a source of start-up capital for a small business?When the SBA guarantees part of a loan, who is relieved of some risk?The UK Small Business Commissioner handles complaints mainly aboutOwner-managers of small firms often fail to separateLenders to small firms often ask forSmall businesses usually do notA disadvantage small tech firms face against big firms isSmall business owners often find little time for social responsibility because theySmall firms are especially vulnerable to tariffs becauseThe apex body for rules and laws on micro, small and medium enterprises in India is theIn which year was the Small Industries Development Organisation established?Which service is provided by the Small Industries Development Organisation?The Khadi and Village Industries Commission was established byThe Prime Minister Employment Generation Programme promotes self employment by setting upThe national level implementing agency of PMEGP is theMSME Day is observed globally onWhich body officially designated MSME Day in 2017?