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Small Business Analysis Models Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. How does lack of funding affect innovative businesses?

Question 2 2. Imitative companies risk losing _____.

Question 3 3. Which of the following is an advantage of promoting creativity in innovative business models?

Question 4 4. Which of the following is an important characteristic of imitative companies

Question 5 5. What is a situational analysis in marketing?

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Question 6 6. What does SWOT stand for?

Question 7 7. Why would we prepare a situational analysis?

Question 8 8. In a situational analysis, what areas of the business need to be analyzed?

Question 9 9. The acid ratio is also known as the:

Question 10 10. What would a current ratio of 1 tell us about a company?

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Question 11 11. Which of the following is a computation used to measure a company's ability to pay its short term debt?

Question 12 12. A company has $35,000 in current assets, $15,000 in long term assets, $25,000 in current liabilities and $45,000 in long term liabilities. What is its current ratio?

Question 13 13. Pessimistic Time is defined as _____.

Question 14 14. What must be done before a PERT analysis can take place?

Question 15 15. What does PERT stand for?

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Question 16 16. Optimistic Time is defined as _____.

Question 17 17. What things do you need to consider when calculating the average cost to make each product?

Question 18 18. What three things do you need in order to perform a break-even analysis?

Question 19 19. What does it mean when you have a BEQ of 400?

Question 20 20. Calculate the BEQ when you have a fixed monthly cost of $1500, an average cost per product of $4, and an average price per product of $7.

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Question 21 21. The first steps management should consider determining the feasibility of a new project or expansion project is to determine:

Question 22 22. Why is a unique selling proposition important for a company?

Question 23 23. Why is environmental scanning used in marketing?

Question 24 24. Why is it important for companies to evaluate managerial decisions using a SWOT Analysis?

Question 25 25. If a business is looking for investors online, which element of BRIE is involved?

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Question 26 26. If an entrepreneur has an innovation that needs to be patented, which element of the BRIE model would that task come under?

Question 27 27. Which element of the BRIE model is concerned with setting up a business website?

Question 28 28. What is the main aim of the BRIE model?

Question 29 29. Which of the following is a major characteristic of innovative business models?

Question 30 30. In a SWOT analysis, the columns describe _______ and the rows describe _______:

Small Business Analysis Models Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next question. You can skip questions if you would like and come back to them later with the "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. You will lose your work if you close or refresh this page. Good luck!

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