Final Quiz

Quiz Test
1. What is an entrepreneur?
2. An entrepreneur is…?
3. What is a good way of running business (business ethics)?
4. A strategic vision is…?
5. A person cannot come up with a business idea from…?
6. What is a goal?
7. Which of the following is an example of good customer service?
8. A business plan does not have a…?
9. How do you deal with an unhappy customer?
10. Which word that is not part of the SMART goals?
11. A good manager is….
12. What is the correct order for goal setting?
13. Which of the following is not a customer right?
14. What is the best way to finance your business?
15. What is a good way to manage your business finances?
16. When asking for a loan you do not have to consider…
17. What is a potential risk of taking a loan?
18. When borrowing money, you must not….
19. Which is an advantage of borrowing?
20. VIRL may reject a loan application if you have ….?
21. Which of the following does not describe a market?
22. Which is not one of the 4 C’s of market research?
23. Select the equation that best describes profit?
24. …………. is an example of an income
25. What is the importance of book keeping?
26. What is a disadvantage of buying on credit?
27. When do you sell on credit?
28. What will happen if someone does not pay back their loan?
29. One can improve their chance of getting a loan if they….
30. A business owner is doing his statement of financial position for his year ended 31 December 2015. What is his profit if he has the following figures; Sales $100 000, Opening Stock $20 000, Purchases $ 30 000, Closing Stock $10 000, Airtime $ 5000, Travelling Expenses $ 2000, Other expenses $ 1000, Business Rent $12000.