Sure, here are 30 prediagnostic MCQ business questions with answers:

1. Which of the following is NOT a common type of business organization?

(a) Sole proprietorship

(b) Partnership
(c) Corporation
(d) Franchise
Answer: (d) Franchise

2. Which of the following is NOT a key element of a successful business plan?

(a) A clear mission statement
(b) A detailed marketing strategy
(c) A realistic financial forecast
(d) A strong team of experienced professionals
Answer: (d) A strong team of experienced professionals

3. Which of the following is NOT a common source of financing for small businesses?
(a) Personal savings
(b) Loans from family and friends
(c) Bank loans
(d) Venture capital
Answer: (d) Venture capital

4. Which of the following is NOT a common marketing channel for small businesses?
(a) Social media
(b) Email marketing
(c) Paid advertising
(d) Public relations
Answer: (d) Public relations

5. Which of the following is NOT a key aspect of customer service?

(a) Responding to customer inquiries promptly (b) Resolving customer complaints
effectively (c) Exceeding customer expectations (d) Upselling and cross-selling products
to customers
Answer: (d) Upselling and cross-selling products to customers
6. Which of the following is NOT a common challenge faced by small businesses?
(a) Access to capital (b) Finding qualified employees (c) Managing cash flow (d)
Competing with larger businesses
Answer: (d) Competing with larger businesses
7. Which of the following is NOT a key step in the entrepreneurial process?
(a) Identifying a problem or opportunity (b) Developing a solution (c) Validating the
market (d) Writing a business plan
Answer: (d) Writing a business plan
8. Which of the following is NOT a common type of intellectual property?
(a) Patent (b) Trademark (c) Copyright (d) Trade secret
Answer: (a) Patent
9. Which of the following is NOT a common type of business contract?
(a) Non-disclosure agreement (NDA) (b) Sales contract (c) Employment contract (d)
Lease agreement
Answer: (d) Lease agreement
10. Which of the following is NOT a common type of business insurance?
(a) Property and casualty insurance (b) Liability insurance (c) Workers' compensation
insurance (d) Business interruption insurance
Answer: (d) Business interruption insurance
11. Which of the following is NOT a key financial statement for businesses?
(a) Balance sheet (b) Income statement (c) Cash flow statement (d) Statement of
owner's equity
Answer: (d) Statement of owner's equity
12. Which of the following is NOT a common key performance indicator (KPI) for
businesses?
(a) Revenue (b) Profit (c) Customer satisfaction (d) Employee turnover
Answer: (c) Customer satisfaction
13. Which of the following is NOT a common business strategy?
(a) Cost leadership (b) Differentiation (c) Focus (d) Diversification
Answer: (d) Diversification
14. Which of the following is NOT a common type of business leadership style?
(a) Autocratic (b) Democratic (c) Laissez-faire (d) Transformational
Answer: (d) Transformational
15. Which of the following is NOT a common type of organizational structure for
businesses?
(a) Functional organization (b) Divisional organization (c) Matrix organization (d)
Network organization
Answer: (d) Network organization
16. Which of the following is NOT a common type of business process reengineering
(BPR) initiative?
(a) Process simplification (b) Process automation (c) Process outsourcing (d) Process
redefinition
Answer: (d) Process redefinition
17. Which of the following is NOT a common type of project management methodology?
(a) Waterfall (b) Agile