Managing a Small Business Quiz

27This quiz is designed to test your knowledge of the contents of the Managing a Small Business Course, part of the Management Skills series of courses. These quizzes are designed to improve your Management and Business skills.

There are ten questions some of which are “tick all that apply “, and others are True/False.

You can navigate backwards and forwards to review your responses by using the appropriate buttons.

The pass mark is 70 out of a potential 100 points, 10 for each question.

Once you are satisfied with your answers, complete your name, address and email address and click on “submit“ to submit your answers.

You will shortly receive an email advising you of your score, whether you have passed the quiz, and how your answers have been scored.

The Small Business Quiz


Knowing what your competitors are up to can be the key to keeping your business alive. You should; -
Choose all that apply


If your product isn’t selling because of this issue, then you can fix it.
Choose all that apply


Whatever country or region you are operating in, it will almost certainly have the same local taxation, regulatory and compliance regime as everywhere else in the world.


As soon as you are dealing with clients and or have an office, you may need advice, expertise and support from a range of people including; –
Choose all that apply


According to, small business survival rates are as high as 91 per cent after one year of trading, but after five years just four in ten small businesses will still be trading.


Investors are usually savvy people, that’s how they got the money to invest in the first place!! They will be happy to invest with you as long as you have a business plan.


Aspects of Intellectual Property in your business that you need to know about include; -
Choose all that apply


The advantages of employing staff, as opposed to contractors are; -
Choose all that apply


A good strategy to avoid business failure is to keep your overheads tight and protect your cash flow.


Realistically a new business is not going to make a profit in the first year, or maybe even the second. So, when writing your business plan and arranging start up finance you need to; -
Choose all that apply

Be sure to click Submit Quiz to see your results!