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A course that equips entrepreneurs with essential skills and strategies to effectively manage and grow their small businesses while mastering the art of sales.
Small businesses have the ability to better connect with the __________ since many customers are suspicious of big business.
Lack of access to markets and procurement
There are three requirements necessary for a company to pay out dividends. They are:
this is mainly from personal savings, relatives at the initial stages and some secured credit later if the business is growing.
[BLANK] taxation occurs when profits of a business are taxed at the entity level before profits are distributed to owners, distributions are reported on the individual tax returns as dividends and are taxed a second time.
The location of my factory should not impact my decision if I use the factory or not.
When expenses are more than income, it's a…
Lead time is the time that it takes for a mill to create your fabric and send it to you.
Which of the following is NOT considered a primary management function?
Management of the assets and liabilities of the business is not a difficult task.
Being proactive is as important as being reactive in the world of PR (public relations).
Small Businesses are not the backbone of the economy.
Small businesses provide employment to people who want to work near their homes and to spend time with their families.
Which of the following refers to organized summaries of business's financial activities?
Choose appropriate location for your business.
The cost of maintaining and operating a business is called?
A privately, independently owned, managed, and operated for profit
Neighborhood loyalty.
Which of the following is put in place to protect a consumer from a business causing harm to either themselves or their property?
What are the primary purpose of internal controls in accounting and financial reporting?
It is often very difficult for small businesses to find suitably premises for rent. The rents might be initially very high.
Which of the following is a financial statement used to indicate how successfully the business performed during a period of time?
Company XYZ Inc has variable costs associated with delivering widgets to customers. In December, delivery driving went up 30%. Total variable costs for December increased by:
Whois the author of a book titled 10-10-10?
What does PK stand for?
Small businesses do not have economies of scale, the ability to cut costs by increasing production.
If I am working out of my house sewing items, I do not need insurance.
What is referred to as "borrowed for personal use"?
Food-related businesses continued to grow modestly last year, particularly in what area?
To identify consumer markets, you have to be aware of:
To find local small businesses in your sector that are hiring, what is a good strategy?
Decision – making: is less formal and more personalized
Having no sales plan are common mistakes to many owners
Listening to feedback from customers is important in any business
MOQ stands for
Money left over after all expenses of running a business have been deducted from income revenue is:
They act as competitors to larger firms which will help improve their efficiency and lower the prices offered to the consumers.
Which of the following is an expense account?
Which of the following would not be held personally liable?
The amount of money one puts into a business is called a(n):
On the Job Learning are general features of small businesses
What is an example of a charge back.
Which of the following are examples of digital marketing.
essential in a factor in the beginning a life of a new business
When income is greater than expenses, there is…
Small businesses ownership do not gives the independence and the freedom not enjoyed in the corporate world.
Which of the following is a financial statement used to indicate how successfully the business performed during a period of time?
Which one of the following scenarios would most likely describe the accounting personnel for a small business?
In 2013, XYZ Inc had sales revenues of $400,000, costs of goods sold: $310,000, and operating expenses of $60,000. What is the gross profit?
One of the risks of being in business for yourself is:
Facebook is the best choice to use if you have a young target market and you want to show them photos.
The best way to build content that will improve your SEO within your website would be to:
What is double entry accounting?
If a small change in the price of an item causes a significant change in the quantity demanded, we say that the demand for the item is:
If you were going to be creating a Facebook ad, what would be the best way to start?
Small businesses are not a good risk are the biggest challenge in securing external credit by small businesses
In market research, primary data is second hand information that was already existing that you collected.
An individual who undertakes the creation, organization and ownership of a business is called (an):
Most small business operators do what they enjoy or love doing as the business may be out of a hobby or part- time job
FeelMe and Patent Club are whose fashion brands?
Which of the following is NOT a reason a company would hold Treasury Stock for future use?
The point at which consumers buy all of a product that is supplied is called:
During 2011, Softball Kingdom had its assets decrease $50,000. Which of the following transactions would ensure that the basic account equation would balance?
High failure rate are mistakes to many owners of small businesses
Identify and serve customers who are likely to patronize your business more often.
How often are reports created in managerial accounting?
Joe is a manager of a local business. He is faced with an ethical dilemma in the accounting department. According to the three steps to follow when facing ethical dilemmas, which of the following is NOT a step he should follow to analyze the situation?
Second in sales growth with an 11 percent gain are offices of non-physician health practitioners such as
How is the money that a company earns called?
Remington provided the following information about its balance sheet. Based on the information provided, how much are Remington's liabilities? Cash = $100Accounts receivable = $500Stockholders' equity = $700Accounts payable = $200Bank loans = $1000
Which of the following is NOT a measure of liquidity?
In bookkeeping, if you have limited purchases and/or sales and they come out of one bank account, this is called:
Assets minus liabilities equals…
All of the following are benefits of budgeting EXCEPT:
A partnership created by two or more companies for a specific purpose over a set period of time is called a(n):
Amongst the following, who is considered an external user of accounting?
Wholesale is when you sell your items at full price directly to customers.
What is the country of origin of Aegon which has a tie up with Religare in India for Insurance?
The _ _ _ _ _ _ _ _ is a large computer network that links smaller computer networks worldwide.
Which of the following is NOT a function of a journal entry?
For accounting and financial reporting purposes, smaller businesses...
There is no hierarchical boundary in levels of management or decision
Email List is not a good area of marketing because you might loose all your contacts one day.
The _____________ must be independent in terms of ownership and operation.
Which term describes an amount owed by a business?
What is a Sukuk?
Easier record management because of the fewer transactions compared to large businesses. Thus, most accounting responsibilities are highly manageable.
Small business support networks are general features of small businesses
Small businesses employ just over half of all private-sector workers, according to the Small Business Administration, and they generated what percent of all net new jobs over the past 15 years
the blueprint you should use to operate your business
A certified public accountant is called?
Which of the following is a characteristic of a corporation?
Which of the following is considered an external user of accounting?
A sole proprietor is entitled to 100% of the business profits
What is the term used to define a computer that is accessed by a remote attacker and set up to forward transmissions (including spam and viruses) to other computers on the Internet. The purpose is usually either financial gain or malice?
It is essential part of buying inventory, paying employees, marketing the business, buying or repairing business tools and paying his own salary.
Nordstrom is a luxury retailer brand in which country?
What is the method used to determine the minimum sales volume needed to cover all costs?
What are the three components of manufacturing costs?
A mill will always sew my garments for me.
Which is the most important feature of bookkeeping?
In the basic accounting equation, Assets= Liabilities +?
What term is used for day-to-day dealings that involve the exchange of goods and services for cash?
If a factory knows how to sew one thing, then they can pretty much sew anything.
MV Nair is the Chairman ofwhich Bank?
Which of the following is typically the budget that is prepared first?
Which of the following is included in the content for reports for Managerial Accounting?
choosing the right business partners is a critical success factor for new businesses.
Whose mass market electric car is called the leaf?
I do not need to put together a contract with my factory. I should just let them do what they think is best and assume it will work out.
Lack of commitment / Inability to Commit are some mistakes to many owners of small business
Which of the following is a period cost?
Indulge in Style is the base line of which automobile brand?
SEO stands for:
The seller of a franchise is called a:
Which of the following is NOT one of the 3 main business activities?
Which of the following is NOT a type of cost?
A company that handles overseas shipments for a fee is called a(n):
When did the BSE Sensexreach its all time high of 21206.77?
Selling and shipping products to another country is called:
Putting an ad in the news paper is a form of digital marketing.
Fueled by federal money from the stimulus bill, environmental jobs are forecast to grow in the coming year. What job would best be an environmental job?
In the basic accounting equation, Assets= Liabilities + ________?
If you trademark a a business name, it will be good in Canada for 25 years.
Which of the following is a liabilities account?
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