Quarter 4

1

Which skill is needed to devise a business plan?

A Planning B Sleeping C Avoiding work D Complaining

2

Which part of the business plan details the projected income, expenses, and profitability of the business?

A Company Description B Marketing Strategy C Management Team D Financial Plan

3

Which cost is paid monthly?

A Raw material B Rent C Packaging D Fuel per unit

4

Rania is planning her business's production process. She decides to produce 500 units per month to meet expected demand. This decision is part of:

A Financial planning B Capacity planning C Marketing planning D Strategic planning

5

Fatima is considering leaving her job as a teacher to start a clothing line. Her current salary is $3000 per month. What is the opportunity cost of starting her business?

A The rent for her shop B The cost of fabric and materials C The $3000 salary she gives up D The price of her clothing items

6

An individual who creates a new business, bearing most of the risks and enjoying most of the rewards, is known as a(n):

A Entrepreneur B Manager C Employee D Investor

7

Which characteristic is most crucial for an entrepreneur facing challenges and setbacks?

A Persistence B Caution C Delegation D Compliance

8

What is self-employment?

A Working in a factory B Running your own business C Doing homework D Studying in school

9

Which type of cost remains the same regardless of the number of goods produced, such as monthly rent for a factory?

A Fixed Cost B Variable Cost C Total Cost D Marginal Cost

10

Which section explains business goals?

A Financial plan B Marketing plan C Objectives D Cost section

11

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

12

Costs that change directly with the level of production, such as raw materials, are known as:

A Fixed Costs B Total Costs C Variable Costs D Sunk Costs

13

Market analysis helps to understand?

A Teachers B Customers C Students D Friends

14

One of the significant disadvantages of entrepreneurship is:

A Lack of creative freedom B Financial instability and risk of failure C Limited learning opportunities D Having to follow orders from a superior

15

Khalid is opening a small manufacturing unit. He purchases raw materials and pays workers daily. These are examples of:

A Fixed costs B Variable costs C Capital costs D Indirect costs

16

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

17

Rania is a fashion designer who wants to start her own brand. She creates a business plan that includes a SWOT analysis. What does SWOT stand for?

A Strengths, Weaknesses, Opportunities, Threats B Sales, Workforce, Operations, Technology C Strategy, Wins, Objectives, Targets D Suppliers, Workers, Orders, Taxes

18

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

19

Entrepreneurship helps economy by?

A Increasing unemployment B Creating jobs C Closing factories D Reducing skills

20

Which is an example of small business?

A Local shop B International bank C Multinational company D Government office

21

Omar is writing a business plan for his tutoring service. He includes a section on his competitors and target customers. Which part of the business plan is Omar working on?

A Executive summary B Financial projections C Market analysis D Operational plan

22

A company's purpose, objectives, and how it plans to achieve them are formally stated in its:

A Mission Statement B Vision Statement C Financial Statement D Marketing Slogan

23

What is the primary goal of an entrepreneur?

A To create a business and make a profit B To work for a large corporation C To avoid taking risks D To minimize innovation

24

Which of the following is a potential disadvantage of entrepreneurship?

A Long working hours and high stress levels B Limited opportunity for innovation C Lack of decision-making authority D Low potential for financial gain

25

Which factor affects cost of production most?

A Weather B Raw material price C Color of product D Business name