BUS 420 - Small Business Management - Quiz 3

BUS 420 - Small Business Management - Quiz 3 - Course Small...

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Course Small Business Management Test Quiz 3 Started 8/3/15 10:46 PM Submitte d 8/4/15 12:46 AM Status Completed Attempt Score 52 out of 60 points Time Elapsed 1 hour, 59 minutes out of 2 hours. Instructio ns This quiz consist of 30 multiple choice questions. The first 15 questions cover the material in Chapter 5. The second 15 questions cover the material in Chapter 6. Be sure you are in the correct Chapter when you take the quiz. Question 1 0 out of 2 points Before buying an existing business, the buyer should analyze two external elements of the business: Answer Selected Answer: the market potential of the products and the existing inventory. Correct Answer: its customer characteristics and direct competitors. Question 2 2 out of 2 points When a buyer is reviewing a candidate company's lease arrangements, location and appearance, intangible assets, etc., he is answering what basic acquisition question? Answer Selected Answer: What is the physical condition of the business? Correct Answer: What is the physical condition of the business? Question 3 2 out of 2 points Which of the following is an intangible asset? Answer Selected Answer:
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Tradema rk Correct Answer: Tradema rk Question 4 2 out of 2 points A company's P/E ratio is: Answer Selected Answer: the price of one share of its common stock divided by its earnings per share. Correct Answer: the price of one share of its common stock divided by its earnings per share. Question 5 2 out of 2 points Which of the following is a way to smooth the transition of leadership/management from the seller of a business to the buyer? Answer Selected Answer: Focus on the employees, listen to them, keep them informed. Correct Answer: Focus on the employees, listen to them, keep them informed.
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