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