SBE 310 Small Business Management and Entrepreneurship DeVry

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SBE 310 Week 1 DQ 1 Successful Entrepreneur Characteristics

SBE 310 Week 1 DQ 2 Entrepreneurial Passion
SBE 310 Week 2 DQ 1 Social Responsibility and Stonyfield Farm
SBE 310 Week 2 DQ 2 Investor Decisions
SBE 310 Week 3 Part 1 - Entrepreneur Interview Paper
SBE 310 Week 4 DQ 1 Franchising
SBE 310 Week 4 DQ 2 Sideline Business
SBE 310 Week 5 Part 2 - Entrepreneur Reflection Paper
SBE 310 Week 5 DQ 1 Market Segmentation
SBE 310 Week 5 DQ 2 Single Product Development
SBE 310 Week 6 Presentation; Business Plan for The Beacon Light Gym
SBE 310 Week 6 DQ 1 Location Analysis
SBE 310 Week 6 DQ 2 Pricing Strategy
SBE 310 Week 7 Part 3 - Entrepreneur Research Paper
SBE 310 Week 7 DQ 1 Hiring Friends
SBE 310 Week 7 DQ 2 Finagle a Bagel
SBE 310 Week 8 Final Exam

SBE 310 All Research Papers/Presentation + All DQ's Week 1,2,4,5,6,7 + Final
Exam
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SBE 310 All Research Papers Part 1, 2, 3 + Week 6 Presentation
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SBE 310 Week 3 Project Part 1 - Entrepreneur Interview Paper
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SBE 310 Week 5 Project Part 2 - Entrepreneur Reflection Paper
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SBE 310 Week 6 Presentation; Business Plan for The Beacon Light Gym
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SBE 310 Week 7 Project Part 3 - Entrepreneur Research Paper
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SBE 310 All Discussion Questions Week 1, 2, 4. 5. 6. 7

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SBE 310 Week 8 All TCOs Final Exam Solutions

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Multiple Choice Questions
1. (TCO 1) Approximately what percentage of businesses have a payroll with fewer than 500
people?
2. (TCO 1) You have a small business that offers printing services. One of the services you offer
is a high-speed color copier. You are currently the only printing service in a tri-state area that
offers such a service. You currently have _______.
3. (TCO 1) Your employees are your most valued assets due to their _______.
4. (TCO 1) Entrepreneurship primarily involves which phase of business?
5. (TCO 1) Which of the following is the most common form of business ownership?
6. (TCO 4) Which of the following acts was written to prevent large businesses from forming
trusts?
7. (TCO 4) Bankruptcy remains on a credit report for how many years?
8. (TCO 4) Peter Drucker stated that businesses have _______ basic functions.
9. (TCO 4) Managing inventory can be compared to which of the following?
10. (TCO 4) What is the key word in evaluating a channel of distribution?
11. (TCO 4) A long-term agreement to rent a building, equipment, or other assets is known as a:
12. (TCO 4) Consumers typically do not want the cheapest product available; they want the:
13. (TCO 4) The point at which total cost equals total revenue and the business is neither making
or losing money is known as the _______.
14. (TCO 2) Through the franchise agreement, the___ gains benefit of the parent company's
expertise,experience,management systems,marketing, financial help.
15. (TCO 2) The financial document that is used by startup businesses to show where capital
comes from and for what it will be used is called:
16. (TCO 2) Which of the following is not included in the marketing plan section of the business
plan?
17. (TCO 3) When analyzing financial statements, remember that profits can be increased and
expenses can be decreased to make the records look better ______.
18. (TCO 3) In the chapter opener, what was the limitation that kept Philip Rosedale from
creating Second Life when he first had the idea for it?
19. (TCO 3) Most Inc. 500 companies receive more than half of their revenue from:
20. (TCO 3) Computers, office equipment, and furniture are all examples of ________ that have
a life of more than one year.
21. (TCO 5) Mintzberg suggested several important skills a manager needed in order to perform
the four functions of management. The most important of these was listed as
22. (TCO 5) Maslow's hierarchy of needs theory ranks the highest level of needs as what?
23. (TCO 5) The Equal Employment Opportunity Commission _____ that the information from
a job analysis be used to ensure equal employment opportunity.
24. (TCO 6) A production process that operates for long periods of time without interruption is
known as?
25. (TCO 6) Scheduling is necessary to maximize levels of

26. (TCO 7) An account number of 13 would represent which of the following accounts?
27. (TCO 7) Equity funds never need to
28. (TCO 8) About what percent of small businesses export goods and services?
29. (TCO 9) The obligation of business to maximize the positive impact it has on society while
minimizing the negative impact is called:
30. (TCO 9) Threats and opportunities to a business can be found in which of the following
environments?
Essay Questions
1. (TCO 1) Compare and contrast a sole proprietorship, a partnership and a corporation. Provide
examples of where you would use each structure. (Points : 14)
2. (TCO 3) Analyze the advantages and disadvantages of buying an existing business. Under
what circumstances would one be more advantageous? (Points : 14)
3. (TCO 4) Compare and contrast Economic Order Quantity and Just-In-Time as inventory
control methods. Evaluate how these control methods can improve the financial position of a
small business. (Points : 14)
4. (TCO 6) Compare and contrast analytic manufacturing systems and synthetic manufacturing
systems, giving an example of each. (Points : 14)
5. (TCO 9) Analyze the four levels depicted in the pyramid of social responsibility. (Points : 14)
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