BUSN 115 study Great Stories/busn115study.com BUSN 115 study Great Stories/busn115study.com | Page 66

Question 3. Question : (TCO 3) Three factors contributing to the
increased number of small businesses are technologies such as e-
commerce, growing diversity in entrepreneurship, and _____.
Student Answer:
downsizing and outsourcing
increased ease in going public
nationalization
market regulation
monopolistic business practices
Question 4. Question : (TCO 3) Charles is the purchase agent for a
consulting firm. He places orders for office stationeries and
consumables once in two weeks. The purchases are made in large
quantities and are billed in the firm's name. The items that Charles
buys are examples of _____.
specialty products
expense items