Practice Expansion (5.3) - Business Size and Finance

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9 questions

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Quiz
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6 sample questions

Question 1.
What are the four categories of business size?
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Think about the scale of operations.
Question 2.
What is working capital?
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Consider everyday expenses.
3Question 3.
What is a micro enterprise?
- Very large business
- Small operation run by individuals
- Medium-sized business
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Consider the scale of operations.
4Question 4.
True or False: Large enterprises typically require less capital than small enterprises.
- True
- False
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Think about their operational scale.
Question 5.
Assume you are starting a micro enterprise. Identify three potential sources of finance appropriate for your business and justify your choices.
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Consider your immediate financial needs and who can help.
Question 6.
Analyze the role of government schemes in supporting MSMEs. How do such programs help mitigate financial risks associated with business operation?
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Think about how these programs can influence funding availability.

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