Post Test

6 June 2017

The cost ofa franchise may Include royalty payments. nlgn executive salarles. a one-time federal franchise tax. higher-than-usual labor costs. 5 points In a family business, the interests of the family and the interests of the business are best described as overlapping. conflicting. coinciding. having no relationship with each other. Writing a business plan should be thought of as he means to an end product. n ongoing process. an absolute essential to the startup of businesses. a mental exercise. A firm’s marketing mix consists of activities. pricing, promotion, and distribution product, pricing, and promotion product, promotion, and distribution product, pricing, promotion, and distribution A disadvantage of a sole proprietorship is the complexity of the organization tne cost 0T sta rtlng tne Duslness. the lack of limits on personal liability. the difficulty of distribution. Which of the following is not an environmental condition affecting selection of a usiness location?

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Competition Weather and climate Laws and regulations Raw material availability Assets that are relatively liquid are classified as current assets. fixed assets. short-term assets. other assets. Question 12 Typical venture capitalists invest approximately businesses. one-fourth one-half three-fourths nearly all Most customer service problems are identified by of their investment in later-stage personal ooservatlon. outside consultants. customer complaints. entries in a suggestion box. In general, products that are consumed in fixed amounts have inelastic demand. onstant demand. ariable demand. elastic demand. Which of the following does not describe a method of determining promotional expenditures? Matching industry forecasts Spending as much as the competition What can be spared What it will take to do the Job Marcia Mendez, who runs a drapery business, has groups of employees who work in production and in installation. If she decides to use work teams as part of her leadership approach, she must increase supervision. compensation. independence. quallty Which of the following is a legal basis for selecting employees? Gender Age Education

Disabilities An inspection plan that Judges products as acceptable or unacceptable, good or bad, is known as a 100 percent inspection plan. an attribute inspection. a variable inspection. an inspection sampling plan. The owner of a small manufacturing plant wants inspectors to check the width and length of a product (within specified tolerances) during the production process. This calls for a work sampling inspection. An analysis of which of the following records facilitates maintenance of adequate stock levels? Accounts payable records Accounts recelvaDle records Cash records Inventory records

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