SBE 420 DeVry Week 5 Quiz Latest



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SBE 420 DeVry Week 5 Quiz Latest

SBE 420 DeVry Week 5 Quiz Latest


SBE 420 DeVry Week 5 Quiz Latest

Question 1. Question : (TCO 8) Projecting financial statements via the budgeting process helps the small business owner to:

  • track and monitor current expenses.
  • measure liquidity of the firm.
  • transform business goals into reality.
  • calculate his or her return on the amount invested in the company.

Question 2. Question : (TCO 8) The first step in managing cash more effectively is:

  • understanding the company’s cash flow cycle.
  • having an adequate cash reserve for emergency expenditures.
  • speeding up payment of accounts receivable.
  • rapid payment of accounts payable.

Question 3. Question : (TCO 9) The focus of the small company’s marketing plan is:

  • the customer.
  • its product or service.
  • an evaluation of key competitors.
  • attracting capital.

Question 4. Question : (TCO 9) The primary goal of marketing research is to:

  • determine how to allocate distribution resources.
  • help management choose the appropriate promotional tool.
  • discover potential competitors.
  • reduce the risks that the company will become competitively obsolete.

Question 5. Question : (TCO 9) Tami is developing an advertising strategy for her small business. The first step in this process is to:

  • 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. Question : (TCO 9) Other cost-saving suggestions for advertising expenditures include:

  • repeat ads that have been successful.
  • use of identical ads in different media.
  • hire independent copywriters, graphic designers, photographers, and other media specialists.
  • All of the above

Question 7. Question : (TCO 9) What types of products are best suited for selling on the Web?

  • High volume, low margin, and commodity
  • High volume and low margin
  • High volume and high margin
  • Commodity

Question 8. Question : (TCO 9) The key to promoting a website is networking, building relationships with other companies, customers, trade associations, ________, and other websites during your company’s customers’ visit.

  • shopping cart
  • e-mail access
  • online directories
  • All of the above

Question 9. Question : (TCO 7) When receiving investment money from friends and relatives, entrepreneurs should:

  • 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. Question : (TCO 7) ________ is/are an asset-based financing technique.

  • Inventory financing
  • Floor planning
  • Discounted installment contracts
  • Installment lending

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