Multiple Choice
Identify the
letter of the choice that best completes the statement or answers the question.
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1.
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You
don’t need managing and marketing skills for an holistic buisness - if your energies are right,
everything will work out ok.
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2.
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There
is no maximum limit to how many people are needed to form a partnership however what is the minimum
number of people required? a. | minimum of 2 people | c. | minimum of 6 people | b. | minimum of 4
people | | | | |
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3.
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What
is a cash flow forecast? a. | an account showing net and gross profit or loss over a given
period | c. | a statement of
assets and liabilities of a business | b. | a record of your monthly estimated income, which is set against
your estimated monthly expenditure | | | | |
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4.
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A
profitable business can fail because of bad cash flow.
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5.
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Effective marketing relies on advertising alone.
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6.
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Time
management is learning how to use your working time effectively.
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7.
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What
is working capital? a. | the assets of a business enterprise that can be applied to its
operation – usually cash in the bank | c. | the staff employed by a business | b. | the money owed
by a business to its suppliers | | | | |
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8.
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Putting on special promotions for Christmas, Mother’s Day, Easter, etc., is a
good way to promote your business. How far in advance should these promotions be
arranged? a. | 1
week | c. | 6
months | b. | 3 months | | | | |
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9.
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What
are loyalty cards? a. | card sent to a client on his/her
birthday | c. | card telling
clients the time of their next appointment | b. | incentive card which is stamped after a treatment with a free
treatment offered after a certain number of treatments have been taken | | | | |
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10.
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The
best way to get more business, especially when you are just starting out, is to be cheaper than your
competitors.
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