Sbe 310 Final

1. Question : (TCO 1) The industry that employs the greatest number of people in small business is which of the following? Student Answer: Construction Manufacturing Retail businesses Services Comments: Question 2. Question : (TCO 1) The impact downsizing has on small business is which of the following? Student Answer: No labor force to work in small businesses Opportunity to perform the work large businesses no longer perform An availability of workers with no skills Lack of financial backing for small businesses Comments: Question 3. Question : (TCO 1) Which of the following are the inherent factors that work in favor of small businesses? Student Answer: Ability to remain flexible and innovative Management expertise Emphasis on variety Emphasis on quantity Comments: Question 4. Question : (TCO 1) Which of the following is the key element needed to bring the entrepreneurial idea to reality during the implementation stage? Student Answer: Capital or money Commitment Management expertise A college education Comments: Question 5. Question : (TCO 1) Which two areas of coursework are the fastest growing subjects in business schools? Student Answer: Management and marketing Entrepreneurship and small business management Operation management and finance

Management and finance Comments: Question 6. Question : (TCO 4) What are the four Ps of the marketing mix? Student Answer: Price, presence, place, and promotion Price, presence, place, and product Price, promotion, place, and product Promotion, price, place, and production Comments: Question 7. Question : (TCO 4) Which one below is NOT a pricing strategy discussed in our course? Student Answer: Price skimming Promotional pricing Penetration price Prestige pricing Comments: Question 8. Question : (TCO 4) The average American spends approximately _____ hours per week watching television. Student Answer: 50 65 92 Comments: 20

Question 9. Question : (TCO 4) Managing inventory can be compared to which of the following?...