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Devry Sec 310 Final Exam

  • Date Submitted: 12/16/2015 03:21 AM
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Devry SEC 310 Final Exam
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Question
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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...

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