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Industry based certifications & small business management

Quiz by Nekeisha King-Price

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10 questions
Show answers
  • Q1
    Which of the following methods can small business owners use to improve their customer service?
    Reducing product prices
    Limiting customer feedback
    Training employees on customer interaction skills
    Minimizing staff hours
    30s
  • Q2
    What role does a business plan play in the success of a small business?
    It guarantees success without effort
    It serves as a roadmap for managing the business
    It eliminates the need for financial records
    It makes hiring employees easier
    30s
  • Q3
    Which of the following is a benefit of networking for small business owners?
    Complete control over market trends
    No need for a marketing strategy
    Access to new opportunities and resources
    Guaranteed sales every month
    30s
  • Q4
    What is an important aspect of managing a small business effectively?
    Relying solely on social media for marketing
    Hiring as many employees as possible
    Limiting customer interactions
    Budgeting and financial planning
    30s
  • Q5
    What is the primary benefit of obtaining an industry-based certification for a small business owner?
    More access to loans
    Reduced tax liabilities
    Lower operational costs
    Increased credibility and marketability
    30s
  • Q6
    Which of the following is a common industry-based certification for small business management?
    Certified Information Systems Auditor (CISA)
    Project Management Professional (PMP)
    Certified Small Business Manager (CSBM)
    Certified Financial Planner (CFP)
    30s
  • Q7
    What is one key advantage of having a business plan for a small business?
    It requires no market research
    It guarantees immediate profits
    It helps secure funding from investors
    It eliminates competition
    30s
  • Q8
    Which of the following best describes the purpose of an industry-based certification?
    To increase personal wealth
    To determine a person's age
    To validate skills and knowledge in a specific industry
    To provide legal protection for a business
    30s
  • Q9
    What is a key reason for small business owners to pursue professional development and certifications?
    Reducing the number of employees
    Minimizing advertising costs
    Avoiding government regulations
    Staying competitive in the market
    30s
  • Q10
    What is a significant advantage of obtaining an industry-specific certification for employees in a small business?
    Enhanced employee skills and expertise
    Guaranteed promotions for all employees
    Decreased need for training programs
    Reduced employee turnover automatically
    30s

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