SBE 420 DeVry Final Exam Latest



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SBE 420 DeVry Final Exam Latest

SBE 420 DeVry Final Exam Latest



SBE 420 DeVry Final Exam Latest

Question 1. 1. (TCO 1) Describe the key characteristics of a typical entrepreneur. What role do those who have been laid off from a corporation play in the growth of entrepreneurship in the United States? (Points : 30)

Question 2. 2. (TCO 2) Compare and contrast the three risk-management strategies: risk avoidance, risk anticipation, and risk transfer. Give an example of each. (Points : 30)

Question 3. 3. (TCO 3) Describe the components of a business plan. Why is it important for an entrepreneur to develop a business plan? (Points : 30)

Question 4. 4. (TCO 4) Explain the concepts of sales and sales contracts, breach of sales contract, sales warranties, and product liability, as described in the Uniform Commercial Code. (Points : 30)

Question 5. 5. (TCO 5) Describe the types of layouts that a manufacturer can use. What are the advantages and disadvantages of each? Give an example of each one. (Points : 30)

Question 6. 6. (TCO 6) Explain why employees steal. How can a small business owner prevent stealing by its employees? (Points : 30)

Question 7. 7. (TCO 7) What are common sources of equity capital? If you could choose one way to finance your small business, which would you choose and why? (Points : 30)

Question 8. 8. (TCO 8) What are some ways that a small business owner can manage accounts payable? What are some ways that a small business owner can manage inventory to improve cash flow? (Points : 30)

Question 9. 9. (TCO 9) What is relationship marketing? What are the four steps that are part of relationship marketing? (Points : 30)

Question 10. 10. (TCO 10) What errors are common in a team-oriented environment? How can a manager ensure the team’s success? (Points : 30)

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