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Year 11 Exam  >  Year 11 Tests  >  Test: Enterprise & Business Growth - Year 11 MCQ

Test: Enterprise & Business Growth - Year 11 MCQ


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10 Questions MCQ Test - Test: Enterprise & Business Growth

Test: Enterprise & Business Growth for Year 11 2024 is part of Year 11 preparation. The Test: Enterprise & Business Growth questions and answers have been prepared according to the Year 11 exam syllabus.The Test: Enterprise & Business Growth MCQs are made for Year 11 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Enterprise & Business Growth below.
Solutions of Test: Enterprise & Business Growth questions in English are available as part of our course for Year 11 & Test: Enterprise & Business Growth solutions in Hindi for Year 11 course. Download more important topics, notes, lectures and mock test series for Year 11 Exam by signing up for free. Attempt Test: Enterprise & Business Growth | 10 questions in 20 minutes | Mock test for Year 11 preparation | Free important questions MCQ to study for Year 11 Exam | Download free PDF with solutions
Test: Enterprise & Business Growth - Question 1
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Which characteristic is often found in successful entrepreneurs?

Detailed Solution for Test: Enterprise & Business Growth - Question 1
Successful entrepreneurs are often innovative, constantly seeking new ideas and ways to improve their business.
Test: Enterprise & Business Growth - Question 2
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What is a common component of a business plan?

Detailed Solution for Test: Enterprise & Business Growth - Question 2
A business plan typically includes a marketing strategy to outline how the business will attract and retain customers.
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Test: Enterprise & Business Growth - Question 3
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Which government support measure helps small businesses access funding?

Detailed Solution for Test: Enterprise & Business Growth - Question 3
Governments often provide grants and loans to help small businesses access the necessary funding for growth and development.
Test: Enterprise & Business Growth - Question 4
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What is one way to measure the size of a business?
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The number of employees is a common metric used to measure the size of a business.
Test: Enterprise & Business Growth - Question 5
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Which type of business growth involves merging with or acquiring other companies?
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Inorganic growth refers to the growth that occurs through mergers, acquisitions, or takeovers of other companies.
Test: Enterprise & Business Growth - Question 6
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What is a common issue businesses face during rapid growth?
Detailed Solution for Test: Enterprise & Business Growth - Question 6
Rapid business growth can lead to cash flow problems as the business may struggle to manage increased operational costs and investment needs.
Test: Enterprise & Business Growth - Question 7
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Why might a business choose to remain small?
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Small businesses often remain small to avoid the complexities and costs associated with adhering to stricter regulations that apply to larger companies.
Test: Enterprise & Business Growth - Question 8
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What is one reason a business might fail?
Detailed Solution for Test: Enterprise & Business Growth - Question 8
Poor financial management, such as inadequate budgeting or cash flow management, is a common reason why businesses fail.
Test: Enterprise & Business Growth - Question 9
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Which of the following is a characteristic of a successful entrepreneur?
Detailed Solution for Test: Enterprise & Business Growth - Question 9
Self-confidence is a key characteristic of successful entrepreneurs as it helps them take risks and make decisions confidently.
Test: Enterprise & Business Growth - Question 10
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How can government support help businesses grow?
Detailed Solution for Test: Enterprise & Business Growth - Question 10
Government support through training programs can help businesses develop the skills and knowledge needed for growth and development.
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Important Questions for Enterprise & Business Growth

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