SECTION 3:9 TEST

1. According to Michael Gerber, what runs a successful business?
A) The entrepreneur alone
B) The people run the business
C) The system runs the business, and the people run the system
D) The size of the business

2. What is the role of standardizing processes in scalability?
A) It slows down business operations
B) It ensures consistency and efficiency as the business scales
C) It makes operations more complex
D) It eliminates the need for technology in business growth

3. How did Jeff Bezos scale Amazon efficiently?
A) By avoiding technological investments
B) By investing in technology such as cloud infrastructure and fulfillment centers
C) By doing all tasks manually
D) By focusing only on short-term growth

4. Why is outsourcing important for scalability, according to Tim Ferriss?
A) It eliminates the need for hiring employees
B) It allows entrepreneurs to focus on high-impact activities by delegating non-essential tasks
C) It reduces the quality of business operations
D) It removes the need for automation

5. What ensures long-term success in scalable systems?
A) Building systems that are rigid and difficult to change
B) Creating systems that are flexible and can adapt as the business evolves
C) Avoiding the use of technology in scaling
D) Reducing the team size to maintain control

Answers:

1. C) The system runs the business, and the people run the system
2. B) It ensures consistency and efficiency as the business scales
3. B) By investing in technology such as cloud infrastructure and fulfillment centers
4. B) It allows entrepreneurs to focus on high-impact activities by delegating non-essential tasks
5. B) Creating systems that are flexible and can adapt as the business evolves4o