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B Com Exam  >  B Com Tests  >  Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - B Com MCQ

Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - B Com MCQ


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10 Questions MCQ Test - Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses

Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses for B Com 2024 is part of B Com preparation. The Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses questions and answers have been prepared according to the B Com exam syllabus.The Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses below.
Solutions of Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses questions in English are available as part of our course for B Com & Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses solutions in Hindi for B Com course. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free. Attempt Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses | 10 questions in 10 minutes | Mock test for B Com preparation | Free important questions MCQ to study for B Com Exam | Download free PDF with solutions
Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 1
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How has technology simplified financial management for small businesses?

Detailed Solution for Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 1
Technology has simplified financial management for small businesses by automating bookkeeping processes and reducing the time spent on keeping accounts current. It also provides ad-hoc reports instantly, allowing business owners to track their performance and identify problems before they become insurmountable.
Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 2
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According to the text, how has technology improved communication in small businesses?

Detailed Solution for Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 2
Technology has greatly improved communication in small businesses by enabling collaboration between staff members through email, allowing field staff to remain in contact with their office support network using mobile phones, and permitting data to be accessed, transferred, and shared from anywhere using wireless laptop modems.
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Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 3
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How has technology changed the manufacturing process for small businesses?

Detailed Solution for Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 3
Technology has changed the manufacturing process for small businesses by reducing the expense of manufacturing through the use of advanced tools controlled by computers. It also allows even low quantities of products to be manufactured in an affordable manner. As a result, small companies can now manufacture their products efficiently and inexpensively.
Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 4
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How does technology impact transportation for small businesses?
Detailed Solution for Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 4
Technology impacts transportation for small businesses in various ways. It simplifies the procurement and delivery of materials to the factory on an as-needed basis. It also allows companies to sell their products anywhere in the world using the Internet. Additionally, it assists in the delivery of products to consumers and tracks them while in transit.
Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 5
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How does technology improve customer relations for small businesses?
Detailed Solution for Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 5
Technology improves customer relations for small businesses in multiple ways. It allows larger companies to offer the same type of personal service as smaller organizations. Additionally, it tracks every customer interaction, creating a database of information that can be used to provide improved service. Furthermore, it ensures that follow-ups are made and resolutions are found for customer issues.
Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 6
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What is the main advantage of using email for communication within organizations?
Detailed Solution for Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 6
The main advantage of using email for communication within organizations is that it allows collaboration between staff members regardless of their geographic location. This means that employees can easily communicate and work together, even if they are not physically located in the same office.
Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 7
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How does technology simplify the procurement and delivery process for manufacturers?
Detailed Solution for Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 7
Technology simplifies the procurement and delivery process for manufacturers in various ways. It allows for the automatic reordering of materials as stock is depleted, ensuring a continuous supply. It also simplifies the delivery of products to consumers by tracking them in transit, ensuring timely and efficient delivery. Additionally, it enables manufacturers to sell their products globally through the Internet, expanding their market reach.
Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 8
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How do computerized accounting systems benefit small business owners?
Detailed Solution for Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 8
Computerized accounting systems benefit small business owners in multiple ways. They automate bookkeeping processes, saving time and effort. They also provide instant access to ad-hoc reports, allowing business owners to track their performance. Additionally, they help identify profitable customers and potential problems, providing valuable insights for decision-making.
Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 9
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How does a CRM system improve customer service in small businesses?
Detailed Solution for Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 9
A CRM system improves customer service in small businesses through various means. Firstly, it tracks every customer interaction, creating a database of information that can be used to provide personalized service. This allows customer service representatives to have access to relevant information and provide better assistance. Secondly, it ensures that follow-ups are made and resolutions are found for customer issues, ensuring customer satisfaction. Lastly, it suggests appropriate upgrades and options to add value to customers, driving revenue for the company.
Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 10
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What is the advantage of using advanced manufacturing tools controlled by computers?
Detailed Solution for Test: Small Business and Modern Technology, Entrepreneurship & Small Businesses - Question 10
The advantage of using advanced manufacturing tools controlled by computers is that it reduces the expense of manufacturing items. This means that even small companies can manufacture their products efficiently and inexpensively. Additionally, these tools allow for the production of low quantities in an affordable manner, providing flexibility in manufacturing processes.
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