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Quarter 4

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Question 1 of 30 0% read

1. For a software development company, the cost of electricity that increases with more computers running is an example of a:

A Fixed Cost
B Variable Cost
C Sunk Cost
D Startup Cost

2. The costs that change directly with the amount of a product being made are known as:

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

3. Which plan estimates profit and loss?

A Marketing plan
B Production plan
C Financial plan
D Risk plan

4. Which term best describes the process of designing, launching, and running a new business venture?

A Management
B Marketing
C Entrepreneurship
D Accounting

5. 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

6. Which section explains business goals?

A Financial plan
B Marketing plan
C Objectives
D Cost section

7. Which document is useful for investors?

A Homework
B Business plan
C Notebook
D Diary

8. In the context of production costs, how is the Total Cost calculated?

A Fixed Costs - Variable Costs
B Fixed Costs × Variable Costs
C Fixed Costs + Variable Costs
D Fixed Costs / Variable Costs

9. Who benefits from a business plan?

A Only customers
B Only workers
C Entrepreneur and investors
D Only teachers

10. Which document shows future business direction?

A Textbook
B Business plan
C Story book
D Newspaper

11. Which of the following is an example of a fixed cost for a software development company?

A Electricity bill based on usage
B Monthly rent for the office space
C Cost of CDs for software distribution
D Sales commissions

12. Market analysis helps to understand?

A Teachers
B Customers
C Students
D Friends

13. Which section of a business plan provides a short, compelling overview of the entire plan?

A Financial Plan
B Executive Summary
C Appendix
D Market Analysis

14. 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

15. Which of the following is part of production cost?

A Profit
B Advertisement idea
C Machinery cost
D Business name

16. 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

17. Which skill is needed to devise a business plan?

A Planning
B Sleeping
C Avoiding work
D Complaining

18. Which of the following is a key characteristic often associated with successful entrepreneurs?

A Risk aversion
B Innovation and creativity
C Preference for a fixed schedule
D Dependence on others for decisions

19. What is cost of production?

A Profit of business
B Money spent to produce goods
C Selling price
D Business name

20. 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

21. Entrepreneurship encourages students to?

A Rely only on jobs
B Become job creators
C Avoid business
D Stop learning

22. Which skill helps an entrepreneur to succeed?

A Poor planning
B Decision making
C Avoiding work
D Ignoring customers

23. Which cost is paid monthly?

A Raw material
B Rent
C Packaging
D Fuel per unit

24. The point at which a business's total revenues equal its total costs is called the:

A Profit Point
B Saturation Point
C Loss Point
D Break-even Point

25. Which cost remains the same even if production stops?

A Variable cost
B Selling cost
C Fixed cost
D Material cost

26. Business plan is a?

A Story book
B Written document of business ideas
C Computer program
D Advertisement poster

27. 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

28. Transport charges are included in?

A Production cost
B Profit
C Sales only
D No cost

29. The part of the business plan that identifies your target customers and competitors is the:

A Market Analysis
B Operational Plan
C Management Team Description
D Financial Projections

30. An entrepreneur mainly takes which type of risk?

A Health risk
B Financial risk
C Sports risk
D Travel risk

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