Devry Sec 310 Final Exam

Devry SEC 310 Final Exam

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Question

Page 1

Question 1. 1. (TCO 1) Approximately what percentage of businesses have a payroll with fewer than 500 people?

(Points : 5)

10%

25%

75%

99%

Question 2. 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 tristate area that offers such a service. You currently have which of the following?

(Points : 5)

Creative destruction

A competitive advantage

A qualitative advantage

A capital advantage

Question 3. 3. (TCO 1) Your employees are your most valued assets due to their _____.

(Points : 5)

skills, knowledge, and information

earnings

knowledge of finance and accounting

college degrees and high IQs

Question 4. 4. (TCO 1) In the growth stage of the startup process model, what is the primary goal of the small business?

(Points : 5)

Regulations

Employees

Vendors

Reaching critical mass (survival)

Question 5. 5. (TCO 1) The single biggest disadvantage of sole proprietorships is which of the following?

(Points : 5)

Limited resources

Limited skills

Unlimited liability

Double taxation

Question 6. 6. (TCO 4) What are the four Ps of the marketing mix?

(Points : 5)

Price, presence, place, and promotion

Price, presence, place, and product

Price, promotion, place, and product

Promotion, price, place, and production

Question 7. 7. (TCO 4) Which one below is NOT a pricing strategy discussed in our course? (Points : 5)

Price skimming

Promotional pricing

Penetration price

Prestige pricing

Question 8. 8. (TCO 4) Peter Drucker stated that businesses have _____ basic functions.

(Points : 5)

two

three

four

five

Question 9. 9. (TCO...