SBE 310 SBE:310 SBE310 WEEK 8 FINAL EXAM

SBE 310 SBE/310 SBE310 WEEK 8
FINAL EXAM
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SBE 310 WEEK 8 FINAL EXAM (DEVRY)
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 _______.
(Points : 5)
4. (TCO 1) Entrepreneurship primarily involves which phase of business?
(Points : 5)
5. (TCO 1) Which of the following is the most common form of business ownership?
(Points : 5)
6. (TCO 4) Which of the following acts was written to prevent large businesses from forming trusts?
(Points : 5
7. (TCO 4) Bankruptcy remains on a credit report for how many years?
(Points : 5)
8. (TCO 4) Peter Drucker stated that businesses have _______ basic functions.
(Points : 5)
9. (TCO 4) Managing inventory can be compared to which of the following?
(Points : 5)
10. (TCO 4) What is the key word in evaluating a channel of distribution? (Points : 5)
11. (TCO 4) A long-term agreement to rent a building, equipment, or other assets is known as a:
(Points : 5)
12. (TCO 4) Consumers typically do not want the cheapest product available; they want the:
(Points : 5)
13. (TCO 4) The point at which total cost equals total revenue and the business is neither making
or losing money is known as the _______.
(Points : 5)
14. (TCO 2) Through the franchise agreement, the ________ gains the benefit of the parent
company's expertise, experience, management systems, marketing, and financial help.
(Points : 5)
15. (TCO 2) The financial document that is used by startup businesses to show where capital
comes from and for what it will be used is called:
(Points : 5)
16. (TCO 2) Which of the following is not included in the marketing plan section of the business
plan?
(Points : 5)

17. (TCO 3) When analyzing financial statements, remember that profits can be increased and
expenses can be decreased to make the records look better __________.
18. (TCO 3) In the chapter opener, what was the limitation that kept Philip Rosedale from creating
Second Life when he first had the idea for it?
(Points : 5)
19. (TCO 3) Most Inc. 500 companies receive more than half of their revenue from:
(Points : 5
20. (TCO 3) Computers, office equipment, and furniture are all examples of ________ that have a
life of more than one year.
(Points : 5)
21. (TCO 5) Mintzberg suggested several important skills a manager needed in order to perform
the four functions of management. The most important of these was listed as
(Points : 5)
22. (TCO 5) Maslow's hierarchy of needs theory ranks the highest level of needs as what?
(Points : 5)
23. (TCO 5) The Equal Employment Opportunity Commission _______ that the information from a
job analysis be used to ensure equal employment opportunity.
(Points : 5
24. (TCO 6) A production process that operates for long periods of time without interruption is
known as?
(Points : 5)
25. (TCO 6) Scheduling is necessary to maximize levels of: (Points : 5)
26. (TCO 7) An account number of 13 would represent which of the following accounts?
(Points : 5
27. (TCO 7) Equity funds never need to: (Points : 5)
28. (TCO 8) About what percent of small businesses export goods and services?
(Points : 5)
29. (TCO 9) The obligation of business to maximize the positive impact it has on society while
minimizing the negative impact is called:
(Points : 5)
30. (TCO 9) Threats and opportunities to a business can be found in which of the following
environments?
(Points : 5)
31. (TCO 1) Compare and contrast a sole proprietorship, a partnership and a corporation. Provide
examples of where you would use each structure. (Points : 14)
32. (TCO 3) Analyze the advantages and disadvantages of buying an existing business. Under
what circumstances would one be more advantageous? (Points : 14)
33. TCO 4) Compare and contrast Economic Order Quantity and Just-In-Time as inventory control
methods. Evaluate how these control methods can improve the financial position of a small business.
(Points : 14)
34. (TCO 6) Compare and contrast analytic manufacturing systems and synthetic manufacturing
systems, giving an example of each. (Points : 14)
35. (TCO 9) Analyze the four levels depicted in the pyramid of social responsibility. (Points : 14)