MCQ


1. Which kind of business is simple to create?

A) Company B) sole proprietorship

2. Which kind of business has total decision making authority?

A) Sole proprietorship B) partnership

3. Which kind of business is owned and manages by an individual authority?

A) Sole proprietorship B) partnership

4. Which kind of business doesn’t need any kind of special legal restriction?

A) Sole proprietorship. B) Company

5. Which kind of business has unlimited personal liability?

A) Sole proprietorship B) partnership

6. Which business owner is personally liable of all the debts?

A) Sole proprietorship B) Company

7. Which kind of business is less costly to formulate?

A) Sole proprietorship B) Company

8. Which single business owner pay all the expense and keeps the profits?

A) Sole proprietorship B) Company

9. Failure a business can ruin a -------------------- financially?

A) Sole proprietorship. B) Company share holders.

10. -------------------- business is easy to discontinue?

A) Sole proprietorship B) Company

11. --------------------- owner has total decision making authority?

A) Sole proprietorship B) partnership

12. --------------------- owner has unlimited personal liability?

A) Sole proprietorship B) Company
13. ---------------------- business owner will keep all the profits?

A) Sole proprietorship B) Company

14. --------------------- business need less investment compaired to other business?

A) Sole proprietorship B) Company

15. -------------------- business has limited skill and capabilities

A) Sole proprietorship B) Company

16. Which business has lack of skill compared to other business?

A) Sole proprietorship B) Company

17. Which business has limited access to capital?

A) Sole proprietorship B) Company

18. Which business cannot sell share in the market?

A) Sole proprietorship B) Company

19. Which form of business is most popular compared to other forms of business?

A) Sole proprietorship B) Company

20. --------- percentage of income come from Sole proprietorship?

A) 15.2% B) 20.2%

21. --------- percentage of income comes from partnership business?

A) 16.7% B) 25.7%

22. ---------- percentage comes from corporation business?

A) 68.1% B) 80%

23. ------------- percentage of sales comes from corporation?

A) 86.6% B) 92.6%

24. ------------ percentage of sales comes from partnership business?

A) 8.8% B) 15%
25. ------------ percentage of income from Sole proprietorship?

A) 4.7% B) 9.2%

26 how much percentage of business are Sole proprietorship?

A) 71.9 B) 80.2

27. How much percentage of business are partnership businesses?

A) 7.9 B) 10%

28. How much percentage of business are corporation?

A) 20.2% B)30%

29. A business which is usually organized and manage by the owner and or his family members are called

A) Small business. B) Company business.

30. Which one of them is small business type?

A) Retail sales. B) Company

31. Which one of them is small business type?

A) Services. B) Company

32. Which one of them is small business type?

A) Finance B) Company

33. Which one of them is small business type?

A) Agriculture B) Company

34. Which one of them is small business type?

A) Wholesale B) Company

35. Which one of them is small business type?

A) Manufacturing B) Company

36.manufacturing firms are classified as small if it has ---------------- employees or less

A) 250 B) 260

37. Which business takes raw materials and change into finish goods for sale?

A) Manufacturing firm B) whole sale

38. Which firms with annual receipts of $2 million or less are called is small business?

A) Service firms B) manufacturing firms

39. Which firm provides service for customers?

A) Service firm B) manufacturing firms

40. Which of them are service firms?

A) Hotels B) manufacturing agent

41. Which of them are service firms?

A) Barber shop B)steel mill

42. Which of them are service firms?

A) Beauty parlors B) dairy firm

43. Which of them are service firms?

A) Repair shop B) manufacturing industry

44. Wholesallers with annual receipts of----------------- million or less are called as a small business?

A) 9.5 B)12

45. Who buy and sell merchandise?

A) Wholesalers B) manufacture

46. Which firm engages d in development newer methods and technique for business purpose

A) Research & development firms B) wholesalers

47.
Which service are regard to efficient management& project appraisal service?

A) Consulting firm B) Research & development firms

48. A retail business are considered as small business if it has annual receipts of ---------- million or less

A) $2 B) $4

49. Which business buys goods from suppliers and sells it to consumers?

A) Retail business B) manufacturing business

50. Which one are the characteristic of small business?

A) Manage by owner B) manage by other person

51. Which one are the characteristic of small business?

A) All risk is borne by the owner B) all risk is borne by employee.

52. Which one are the characteristic of small business?

A0 owner personally finance the business B) share holder finance the business

53. Which one are the characteristic of small business?

A) Close labor-owner relation B) labor-owner relation is not close

54. Which one are the characteristic of small business?

A) Required minimum legal formalities B) required complex legal formalities

55. Which business has more personal contact with customers, suppliers, and employees?

A) Small business B) company business

56. Which business has a source of innovation and flexibility?

A) Small business B) company business

57. Which business has inadequate management ability cause by lack of training?

A) Small business B) company business

58. Which business sometimes has insufficient financing to run the business?

A) Small business B) company business

59. In which business the owner has the controlling factor over business?

A) Small business B) company business

60. Which business faces increasing complexity in operating business?

A) Small business B) company business

61. The term “entrepreneur” was coined in us in which period?

A) Late 70’s B) late 90’s

62. Which person starts and runs her business?

A) Entrepreneur B) intrepreneur

63. Which person is liable to bear the loss of the business?

A) Entrepreneur B) intrepreneur

64. Which person is partially independent and sponsor by the corporation to run the business?

A) Entrepreneur B) intrepreneur

65. Which person finances the business?

A) Entrepreneur B) intrepreneur

66. Which person doesn’t have the responsibility to raise the capital or return it?

A) Intrepreneur B) entrepreneur

67. Which person gets the appropriate reward for his success?

A) Intrepreneur B) entrepreneur

68. Which person has huge amount of resource available and accessible?

A) Intrepreneur B) entrepreneur

69. Mini steel mill are fall into which kind of business?

A) Manufacturing B) wholesaling

70. Different food processing business is fall into which kind of business?

A) Manufacturing B) wholesaling


71. Plastic formulation factories are fall into which kind of business?

A) Manufacturing business B) wholesaling business

72. Service station is fall into which kind of business?

A) Service business B) manufacturing business

73. Appliance business falls into which kind of business?

A) Service business B) wholesaling business

74. Auto repair are falls into which kinds of business?

A) Service business B) wholesaling business

75. House and commercial repair falls into which kinds of business?

A) Service business B) wholesaling business

76. Travel agencies are fall into which kind of business?

A) Service business B) wholesaling business

77. Cable operator is fall into which kind of business?

A) Service business B) wholesaling business

78. Distributor of selective product is falls into which kind of business?

A) Wholesaling B) service business

79. Brokers professions are fall into which kind f business?

A) Wholesaling B) service business

80. Manufacturing agent business is falls are which kind of business?

A) Wholesaling B) service business

81. Software information system falls into which kind of business?

A) Research & development B) manufacturing business

82. How many types of small business is avail available?

A) 6 types B) 8 type
83. Small hard ware and building material store falls into which kind of business?

A) Retail business B) service business

84. Small restaurant business falls into which kind of business?

A) Retail business B) service business

85. Which business faces lack of effective technique?

A) Small business B) company business


Short question


1. What are the advantages of sole proprietorship?
2. What are the disadvantages of sole proprietorship?
3. Describe the types of small business?
4. Advantage and disadvantage of small business?
5. what are the difference between entrepreneur & intrepreneur?