SBE 310 Final Exam

Jul 6th, 2016
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DeVry University
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Multiple Choice Questions 1. (TCO 1) Approximately what percentage of businesses have a payroll with fewer than 500 people? 2. (TCO 1) You have a small business that offers printing services. One of the services you offer is a high-speed color copier. You are currently the only printing service in a tri-state area that offers such a service. You currently have _______. 3. (TCO 1) Your employees are your most valued assets due to their _______. 4. (TCO 1) Entrepreneurship primarily involves which phase of business? 5. (TCO 1) Which of the following is the most common form of business ownership? 6. (TCO 4) Which of the following acts was written to prevent large businesses from forming trusts? 7. (TCO 4) Bankruptcy remains on a credit report for how many years? 8. (TCO 4) Peter Drucker stated that businesses have _______ basic functions. 9. (TCO 4) Managing inventory can be compared to which of the following? 10. (TCO 4) What is the key word in evaluating a channel of dist

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1. (TCO 1) Approximately what percentage of businesses have a payroll withfewer than 500 people?(Points : 5)10 percent25 percent75 percent99 percent2. (TCO 1) You have a small business that offers printing services. One of theservices you offer is a high-speed color copier. You are currently the onlyprinting service in a tri-state area that offers such a service. You currently have_______.(Points : 5)Creative destructionA competitive advantageA qualitative advantageA capital advantage3. (TCO 1) Your employees are your most valued assets due to their _______.(Points : 5)Skill, knowledge, and informationEarningsKnowledge of finance and accountingCollege degree and high IQ4. (TCO 1) Entrepreneurship primarily involves which phase of business?(Points : 5)The startup processHiring of key employeesMaintaining a positive cash flowBuilding and maintaining a sufficient customer base5. (TCO 1) Which of the following is the most common form of businessownership?(Points : 5)Sole proprietorshipsPartnershipsCorporationsJoint ventures6. (TCO 4) Which of the following acts was written to prevent large businessesfrom forming trusts?(Points : 5)Clayton ActFederal Trade Commission ActFair Debt Collection Practices ActCivil Rights Act of 19647. (TCO 4) Bankruptcy remains on a credit report for how many years?(Points : 5)3 years5 years7 years9 years8. (TCO 4) Peter Drucker stated that businesses have _______ basic functions.(Points : 5)TwoThree

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