devry sbe420 week 5 quiz latest 2015 winters

(TCO 8) One of the most important tasks facing an
entrepreneur is:

earning enough in the first year to provide an
adequate return on investment.
establishing a large-enough reserve of
the deferment of taxes.
determining the funds needed for a company

Question 2. Question
(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?

Forecasting cash receipts
Forecasting sales
Determining an adequate minimum cash balance
Forecasting cash disbursements

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) Market research answers what important question for
the small business owner?

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. 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

Question 6. Question
(TCO 9) Which advertising medium offers the greatest ability
to selectively target or tailor to a specific audience?

Direct mail

Question 7. Question
(TCO 9) As a benefit of selling on the Web for many small
businesses, launching a website is the equivalent of opening a _____.

new store
new sales channel
closing all stores
closing a store

Question 8. Question
(TCO 9) Before your website can become the foundation for a
successful e-business, you must create it with your ________ in mind.

target audience

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

use a clear verbal contract to ensure no
discuss all details of the investment up
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) Asset-based financing:

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
is more expensive than other types of

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