devry sbe420 all week quizes latest 2015 winter all correct answer

quizes2(TCO 5) To ensure that a building will accommodate expansion plans, a new business shouldalways build a new facility.plan space requirements for one to two years into the future and update the plans every six months.buy or lease facilities that had the same type of business in them previously.build, buy, or lease facilities that are 50—100% too big for their current operations.Question 2. Question :(TCO 5) Originally created to encourage companies to locate in economically depressed areas, ________ offer tax breaks and federal tax breaks for hiring workers living in the immediate area.industrial parkssmall business incubatorsempowerment zonestrade zonesQuestion 3. Question :(TCO 3) A competitive profile matrixcreates a road map of action for the entrepreneur in order to fulfill his or her company’s mission, goals, and objectives.compares the firm’s and its competitors’ key success factors.permits the small business owner to divide a mass market into smaller, more manageable segments.identifies a firm’s core competencies.Question 4. Question :(TCO 3) Which of the following best expresses the relationship of a company vision to its mission?The company mission statement is the verbal expression of the written vision.The company vision comes from the company mission.The mission statement is the written expression of the company vision.There is no relationship between the two.Question 5. Question :(TCO 1) “Copreneurs” arebusiness magazines targeted towards entrepreneurs.entrepreneurial couples who work together as co-owners of their business.personality traits of entrepreneurs.None of the aboveQuestion 6. Question :(TCO 1) Money-driven and wild risk takers are bothcommon characteristics of entrepreneurs.common misconceptions of entrepreneurs.entrepreneur’s techniques to success.None of the aboveQuestion 7. Question :(TCO 3) The second essential purpose for creating a business plan isto attract lenders and investors.to file with the SEC before making a public stock offering.to attract potential managers and employees to run the new venture.to guide the operation of the company by charting its future course and devising a strategy for following it.Question 8. Question :(TCO 5) Manufacturing layout decisions take into considerationcustomer buying behavior, the types of product sold, and the physical dimensions of the building.the status of the building; built, bought, or leased and the type of product sold.the product, the process, the facility, and key economic considerations.the employees, the customer, and the mechanical process used to produce the product.Question 9. Question :(TCO 3) How is the strategic planning process for small companies different from that for large companies?The planning horizon should cover at least five years into the future.The process should be informal and not overly structured – “a shirtsleeve approach.”It should be conducted by top management and provided to lower management.The process should begin with setting objectives and conclude with competitive analysis.Question 10. Question :(TCO 3) The final step of the strategic planning process isestablishing accurate controls.choosing a marketing strategy to pursue.translating the strategic plan into operational plans.evaluating the competitive environment.SBE420 week 5 quizPage 1Question 1. 1. (TCO 8) One of the most important tasks facing an entrepreneur is: (Points : 4)earning enough in the first year to provide an adequate return on investment.establishing a large-enough reserve of capital.the deferment of taxes.determining the funds needed for a company start-up.Question 2. 2. (TCO 8) Jane is arguing with Joan about how much cash on hand their small retail outlet needs, as they prepare their cash budget. Jane feels that with the Christmas season coming up, their busiest time, they need more cash handy. Joan feels they don’t because their sales volume will be up significantly. Jane and Joan are discussing which step of the cash budgeting process? (Points : 4)Forecasting cash receiptsForecasting salesDetermining an adequate minimum cash balanceForecasting cash disbursementsQuestion 3. 3. (TCO 9) The focus of the small company’s marketing plan is: (Points : 4)the customer.its product or service.an evaluation of key competitors.attracting capital.Question 4. 4. (TCO 9) Market research answers what important question for the small business owner? (Points : 4)What form of business ownership would be most effective in this market?What should my goals and objectives be in my marketing plan?Who are my customers, and what are they looking for?How shall I set up my distribution system?Question 5. 5. (TCO 9) Tami is developing an advertising strategy for her small business. The first step in this process is to: (Points : 4)determine how much she can spend.identify her target audience.choose an advertising agency to assist her.determine the primary purpose of the advertising.Question 6. 6. (TCO 9) Which advertising medium offers the greatest ability to selectively target or tailor to a specific audience? (Points : 4)RadioTelevisionNewspaperDirect mailQuestion 7. 7. (TCO 9) As a benefit of selling on the Web for many small businesses, launching a website is the equivalent of opening a _____. (Points : 4)new storenew sales channelclosing all storesclosing a storeQuestion 8. 8. (TCO 9) Before your website can become the foundation for a successful e-business, you must create it with your ________ in mind. (Points : 4)technologyvendorsemployeestarget audienceQuestion 9. 9. (TCO 7) When receiving investment money from friends and relatives, entrepreneurs should: (Points : 4)use a clear verbal contract to ensure no misunderstandings.discuss all details of the investment up front.not borrow more than 30% of the necessary capital from them.only borrow from close friends and relatives who won’t cause them trouble.Question 10. 10. (TCO 7) Asset-based financing: (Points : 4)is efficient since the small business borrows only the money it needs.provides less borrowing capacity than inventory-based financing.is less desirable than inventory-only deals to bankers.is more expensive than other types of financing.week 7Question 1. Question :(TCO 6) Research on the implementation of TQM programs shows that it takes ________ to completely implement a TQM program.eight yearstwo yearsfour yearsthree yearsQuestion 2. Question :(TCO 6) The creation of a vendor certification program requires:a vendor rating scale developed by the company.understanding the firm’s EOQ.membership in the SBA vendor certification program.a firm price list from the vendor, good for three years.Question 3. Question :(TCO 6) A number of organizational factors encourage employee theft including:having to elaborate of financial and inventory controls in place.working with one-of-a-kind items the employee could never afford to buy.being permitted to manage their own work and time schedules.a low probability of getting caught.Question 4. Question :(TCO 10) To increase the effectiveness of communication between the small business owner and his or her employees, he or she should practice:being more sympathetic when listening.selective listening.telling the truth and encouraging feedback.giving as much information as possible in each communication.Question 5. Question :(TCO 10) Lusia, the director of human resources, is discussing the duties and responsibilities of a new position and its working conditions with Delmar, the manager over the position. Lusia and Delmar are discussing the:job description.job specification.human resource plan.job analysis.Question 6. Question :(TCO 10) A formal mentoring program should be established in ________, using both internal and external people. As the successor develops his or her skills and performance, he or she will transition to the next stage.Stage IStage IVStage IIIStage IIQuestion 7. Question :(TCO 2) A small fireworks manufacturer that shuts its plant down permanently because the risk of fire and the resulting losses are too great, is relying on a risk ________ strategy.transferavoidancereductionanticipationQuestion 8. Question :(TCO 2) A dentist or an attorney would buy malpractice .homeworkminutes.com/question/view/124782/devry-sbe420-week-7-quiz-latest-2015-all-correct-answer#”>insurance to transfer the risk of lawsuits. This is a type of ________ insurance.comprehensivecasualtyliabilitysuretyQuestion 9. Question :(TCO 4) Billy Bob’s swamp racers are the fastest swamp mud racing machines in the country. Unfortunately, drivers have to be careful because they are easily tipped over due to their high center of gravity. This is unfortunate because most swamp mud racers consider stability an important quality in their racers. Billy Bob has installed numerous decals in prominent places that state, “This sucker turns over easily but goes really fast.” Still, Billy Bob could be sued for product liability under:failure to warn.negligent manufacturing.negligent design.implied warranty to perform.Question 10. Question :(TCO 4) Insurance companies are able to assume so much risk because:they share the risk among numerous policy holders.they are “gamblers” who bet they are going to make money before they have to pay off any claims.they are backed by the government and will be “bailed out” if they get into trouble.they are stock-based companies with deep pockets.