BUSN 115 STUDY Extraordinary Success /busn115study.com BUSN 115 STUDY Extraordinary Success /busn115study | Page 35

Assets
Economies of scale
Barriers to entry
Technological requirements
Fixed costs
Question 2.2. (TCO 1) People who stand to gain or lose by the
policies and activities of a business and whose concerns the
business needs to address include which of the following? (Points :
5)
Bankers
Government employees
Surrounding/competing businesses
Foreign business leaders
Domestic business leaders
Question 3.3. (TCO 1) Home-based entrepreneurs should focus on
_____. (Points : 5)
seeking a short-term payoff
creating a long-term vision
accepting security
getting a line-of-credit from a foreign bank
understanding financial ratios on their balance sheet
Question 4.4. (TCO 3) Which of the following is an example of a
lifestyle business? (Points : 5)
A paper recycling unit that employs about 800 employees