SBE 310 Final Exam

Grading Summary
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.
Date Taken:
4/23/2013
Time Spent:
3 h , 16 min , 12 secs
Points Received:
188 / 220 (85.5%)

Question Type:
# Of Questions:
# Correct:
Multiple Choice
30
24
Essay
5
N/A

Grade Details - All Questions

Page:
1 2

1.
Question :
(TCO 1) The term economy of scale refers to which of the following?

Student Answer:
Increasing of costs through the production of larger quantities

Decreasing of costs through the production of larger quantities

Decreasing of costs through the production of smaller quantities

Increasing of costs through the production of smaller quantities

Comments:

2.
Question :
(TCO 1) The impact downsizing has on small business is which of the following?

Student Answer:
No labor force to work in small businesses

Opportunity to perform the work large businesses no longer perform

An availability of workers with no skills

Lack of financial backing for small businesses

Comments:

3.
Question :
(TCO 1) Your employees are your most valued assets due to their _______.

Student Answer:
Skill, knowledge, and information

Earnings

Knowledge of finance and accounting

College degree and high IQ

Comments:

4.
Question :
(TCO 1) Which of the following is the key element needed to bring the entrepreneurial idea to reality during the implementation stage?

Student Answer:
Capital/money

Commitment

Management expertise

A college education

Comments:

5.
Question :
(TCO 1) The single biggest disadvantage of sole proprietorships is which of the following?

Student Answer:
Limited resources

Limited skills

Unlimited liability

Double taxation