Business Struggles Quiz

How Well can you Identify a Struggling Business?
Take this quick quiz to test your knowledge and learn how to identify a struggling business. Click the button below to start the quiz!

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#1. What is one common cause of struggles in businesses?

a) Poor money habits

b) Hiring too many employees

c) Using only cash transactions

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# 2. What can help a business avoid overspending?

a) Taking unnecessary loans

b) Ignoring monthly expenses

c) Sticking to a budget

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# 3. Why is it important for businesses to keep financial records?

a) To avoid paying taxes

b) To track income and expenses

c) To impress customers

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# 4. What is a sign that a business is struggling financially?

a) Paying bills on time

b) Borrowing money frequently to pay expenses

c) Increasing profits

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# 5. Which of these could help a struggling business?

a) Creating a detailed financial plan

b) Spending on unnecessary items

c) Avoiding conversations about finances

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# 6. What does it mean to cut unnecessary expenses?

a) To increase employee salaries

b) To stop paying rent

c) To spend less on things the business doesn’t need

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# 7. Why should businesses pay their bills on time?

a) To spend more on advertising

b) To avoid late fees and keep good relationships with suppliers

c) To save money for new equipment

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# 8. What can help a business increase its income?

a) Offering better customer service

b) Ignoring customers' needs

c) Stopping promotions

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# 9. What is a good way to prepare for unexpected expenses?

a) Building an emergency fund

b) Ignoring emergencies

c) Borrowing from friends

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# 10. What is the purpose of reviewing financial statements?

a) To avoid paying suppliers

b) To stop selling products

c) To plan better for the future

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# 11. Why is it important for business owners to learn about finances?

a) To make smart decisions and avoid mistakes

b) To ignore customer complaints

c) To spend on unnecessary items

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