Quizzes & Surveys Archive | Globe myBusiness Academy

According to the Department of Trade and Industry (DTI), a whopping 99% of businesses in the country are MSMEs. That just shows how important your business is. It's a puzzle piece that makes the economy's foundation sturdy.

It also shows that for your business to compete better and grow stronger in this booming economy, you must have basic business knowledge.

Here’s your chance to test your basic business skills and entrepreneurship knowledge. Take this quiz to help you brush up on the basics of business and maybe even learn something new!

1. In business, stakeholders are:

Employees of a company

The people who can gain or lose from the operations and policies of a business

The vendors who sell to the business

3. What do you call the difference between the amount a business earns and the amount it spends on operations, salaries, and other expenses?

Profit

Revenue

Savings

4. It’s promoted as a new tool businesses can use to increase brand interaction and create more customized features for clients:

5G

Artificial Intelligence

6. What are the two types of competitive advantage a business can employ?

Broad target and narrow target

Cost advantage and differentiation advantage

Efficiency and quality

7. How do you calculate for Return on Investment (ROI)?

Net profit/Total investment*100

Income/Investment

Revenue*Investment-Profit

8. In order to gain a competitive edge, what should a business focus on?

Cold-calling

Quality

9. What do you get when you divide profit by revenue?

Cash flow

Profit margin

ROI

10. It's the amount of time it takes to recover a business' initial investment.

Sales Period

ROI

Recovery Period

Payback Period

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