Devry Busn 115 Week 4 Quiz - Latest

DeVry BUSN 115 Week 4 Quiz - Latest

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Question 1. 1. (TCO 3) Which of the following is an example of a lifestyle business? (Points : 5)

A paper recycling unit that employs about 800 employees

A self-employed landscape designer

Nature's Delights, an international gourmet food chain that is considered to be the world's leading retailer of natural and organic foods

Museum of Fine Arts, a government-funded museum that houses a collection of 19th and 20th century American, German, and French paintings

Freedom Books, a firm that is the leader in the English-language, book-publishing sector

Question 2. 2. (TCO 3) Which of the following is true regarding high-growth ventures? (Points : 5)

They are usually run by one individual rather than a team.

They refer to businesses such as a self-employed consultant, a corner florist, or a small e-commerce venture.

They are mostly family businesses.

They are built around the personal and financial needs of an individual.

They expand rapidly by obtaining a sizable supply of investment capital.

Question 3. 3. (TCO 3) Small companies tend to differ from large ones because _____. (Points : 5)

they have a wider focus compared to larger companies

they are mostly launched with more financial backing than larger companies

they have less freedom to innovate and move quickly compared to larger companies

they can react to market changes and make decisions more quickly than larger companies

they are more bureaucratic compared to larger companies

Question 4. 4. (TCO 3) _____ are expensive organizational products with a long useful life. (Points : 5)

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