1 Which cost includes electricity and water bills? A Raw cost B Utility cost C Marketing cost D Profit cost
2 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
3 How is the Total Cost of Production calculated? A Fixed Costs - Variable Costs B Revenue - Profit C Fixed Costs × Number of Units D Fixed Costs + Variable Costs
4 Layla is deciding between two suppliers for her bakery. One offers cheaper flour but lower quality. Considering her business plan's quality standards, what should Layla prioritize? A Lower cost at all times B Balance between cost and quality C Speed of delivery only D Supplier location only
5 Salem is writing his business plan and includes a section on how he will attract customers using social media and local advertising. This is the: A Sales strategy B Production plan C Financial plan D Organizational plan
6 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
7 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
8 Which cost changes with production level? A Fixed cost B Variable cost C Initial cost D Permanent cost
9 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
10 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
11 Faisal is considering two business ideas: selling T-shirts online or opening a grocery store. He compares the potential profits and startup costs. What is he doing? A Feasibility analysis B Break-even analysis C SWOT analysis D Cost-benefit analysis
12 Which plan shows how products will be sold? A Production plan B Marketing plan C Financial plan D Risk plan
13 Zain is planning to open a gym. He includes a section in his business plan about membership pricing and promotions. Which part of the plan is this? A Market analysis B Marketing and sales strategy C Financial projections D Operational plan
14 Ibrahim is deciding whether to manufacture his products or outsource production. He is evaluating the costs and benefits of each option. Which concept is he applying? A Opportunity cost B Make-or-buy decision C Break-even analysis D Fixed vs variable costs
15 Aisha wants to start a bakery but has to choose between renting a shop for $500/month or buying equipment for $2000. She has limited savings. Based on the concepts of cost of production, what should Aisha consider first? A The total revenue from selling cakes B The fixed costs like rent and equipment C The number of employees she will hire D The color of the bakery logo
16 Which quality is most important for an entrepreneur? A Fear of failure B Creativity C Laziness D Dependence on others
17 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
18 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
19 Youssef is starting a consulting business. He estimates that his monthly expenses are $3,000 and he charges $150 per client. How many clients does he need to cover his costs? A 15 clients B 20 clients C 25 clients D 30 clients
20 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