Devry Busn 115 Final Exam - Latest

DeVry BUSN 115 Final Exam - Latest

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DeVry BUSN 115 Final Exam - Latest

1. (TCO 1) _____ refer to a resource or capability a company must have before it can start competing in a given market. (Points : 5)

Assets

Economies of scale

Barriers to entry

Technological requirements

Fixed costs

Question 2. 2. (TCO 1) Free-market capitalism is characterized by _____. (Points : 5)

the right of few sellers dominating the market

the right to bear and keep arms

the right to freedom of competition

the right to invest in foreign stock markets

the right to serve on juries

Question 3. 3. (TCO 1) Home-based entrepreneurs should focus on _____. (Points : 5)

seeking a short-term payoff

creating a long-term vision

accepting security

getting a line-of-credit from a foreign bank

understanding financial ratios on their balance sheet

Question 4. 4. (TCO 3) A small business is defined as a company that _____. (Points : 5)

is newly launched and has fewer than 100 shareholders

is dominant in its field and employs fewer than 1,500 employees

has a revenue of less than $750,000

is independently owned and operated and not dominant in its field

is funded through personal lines of credit and has fewer than 1,000 employees

*Question 5. 5. (TCO 1) You own Wash This Way Laundromat in a busy part of town. ABC Laundry, a chain store competitor, opened across the street in a busy shopping strip. You decide to improve your business by adding an internet café offering free Wi-Fi. Why? (Points : 5)

To promote private ownership of businesses

To improve quality of life...