1 Ali has an idea for a mobile app but needs funding. He writes a detailed business plan to present to investors. What is the main purpose of this plan? A To describe the app's color scheme B To show the viability and profitability of the business C To list all possible app features D To explain how to code the app
2 What is cost of production? A Profit of business B Money spent to produce goods C Selling price D Business name
3 Which skill is needed to devise a business plan? A Planning B Sleeping C Avoiding work D Complaining
4 Which plan shows how products will be sold? A Production plan B Marketing plan C Financial plan D Risk plan
5 Which section of a business plan provides a brief, high-level overview of the entire document? A Market Analysis B Executive Summary C Financial Plan D Appendix
7 Nasser is a furniture maker. He calculates that his fixed costs are $2,000 per month and variable costs are $50 per chair. If he sells each chair for $100, how many chairs must he sell to break even? A 20 chairs B 30 chairs C 40 chairs D 50 chairs
9 Entrepreneurship encourages students to? A Rely only on jobs B Become job creators C Avoid business D Stop learning
10 What is the primary purpose of writing a business plan? A To design the company logo B To register the business with the government C To hire the first employee D To outline business goals and how to achieve them
11 What does 'opportunity cost' mean in entrepreneurship? A The cost of raw materials B The value of the next best alternative foregone C The total revenue of the business D The tax paid to the government
12 Which characteristic is most crucial for an entrepreneur facing challenges and setbacks? A Persistence B Caution C Delegation D Compliance
13 Entrepreneurship helps economy by? A Increasing unemployment B Creating jobs C Closing factories D Reducing skills
14 Laila is a new entrepreneur who has a great business idea but no experience. What should she do according to the principles of devising a business plan? A Start the business immediately B Write a business plan to research and plan carefully C Copy a competitor's plan exactly D Only focus on financial projections
15 Nasser is analyzing the strengths and weaknesses of his business idea. He also looks at opportunities in the market and potential threats. This analysis is called: A PEST analysis B SWOT analysis C Porters Five Forces D Break-even analysis
16 Kareem is starting a small business and wants to know if he can afford to hire staff. He calculates his monthly revenue and expenses. This is part of: A Cash flow management B Break-even analysis C Market analysis D Strategic planning
17 Which document shows future business direction? A Textbook B Business plan C Story book D Newspaper
18 Ahmed is a new entrepreneur who wants to avoid financial losses. He carefully tracks all his production costs. Why is this important? A To increase his product prices randomly B To know the minimum price he can charge to cover costs C To reduce the quality of his products D To hire more employees
19 Which cost remains the same even if production stops? A Variable cost B Selling cost C Fixed cost D Material cost
20 Who benefits from a business plan? A Only customers B Only workers C Entrepreneur and investors D Only teachers
21 Sara is opening a coffee shop and decides to rent a location. She signs a one-year lease. In her business plan, how should she classify this rent? A As a variable cost B As a fixed cost C As a marketing expense D As a one-time cost
22 Which of the following is part of production cost? A Profit B Advertisement idea C Machinery cost D Business name
23 Khalid is calculating the cost of producing 100 chairs. He includes wood, nails, and varnish. What type of costs are these? A Fixed costs B Variable costs C Sunk costs D Opportunity costs
24 Tariq is considering starting a car wash business. He calculates that the equipment costs $10,000 and monthly rent is $1,000. If he washes 500 cars per month at $10 each, what is his monthly profit before variable costs? A $5000 B $4000 C $3000 D $2000
25 An entrepreneur mainly takes which type of risk? A Health risk B Financial risk C Sports risk D Travel risk