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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...