1 Huda is writing a business plan for her catering service. She lists all the ingredients needed for each dish and their costs. This is part of: A Financial projections B Operational plan C Marketing strategy D Executive summary
2 Lina is developing a business plan for a new restaurant. She describes the menu, seating capacity, and kitchen equipment. What section is this? A Executive summary B Operational plan C Financial plan D Marketing plan
3 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
4 Lamia is writing her business plan and needs to include a statement about the purpose of the business. This is typically found in the: A Mission statement B Financial forecast C Operational details D Competitor analysis
5 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
6 The part of the business plan that identifies the target customers, market size, and competitors is the: A Financial Plan B Operations Plan C Market Analysis D Executive Summary
7 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
8 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
9 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
10 Which of the following is a key advantage of being an entrepreneur? A Guaranteed high salary B Independence in decision-making C Fixed working hours D No financial risk
11 Which of the following is a fixed cost in production? A Raw materials B Electricity bills C Rent for the factory D Packaging costs
12 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
13 Which cost remains the same even if production stops? A Variable cost B Selling cost C Fixed cost D Material cost
14 What is cost of production? A Profit of business B Money spent to produce goods C Selling price D Business name
15 Why is calculating cost of production important? A To close business B To fix selling price C To stop production D To avoid customers
16 Mona is writing her business plan's financial section. She estimates sales for the next three years. What is this estimate called? A Cash flow statement B Income statement C Sales forecast D Balance sheet
17 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
18 Which quality is most important for an entrepreneur? A Fear of failure B Creativity C Laziness D Dependence on others
19 Which characteristic is most crucial for an entrepreneur facing challenges and setbacks? A Persistence B Caution C Delegation D Compliance
20 Which plan shows how products will be sold? A Production plan B Marketing plan C Financial plan D Risk plan