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Unformatted text preview: INBM 100 – Fundamentals of Business Fall 2007 12:30PM-1:20PM MWF Quiz – Week 1 Time allowed – 20 minutes (1) A successful business is one that: (a) Has the highest volume of sales (b) Charges the highest price (c) Has been around for a long duration of time (d) None of the above (2) A broad statement of what the key people in a business would like to achieve is: (a) The vision statement (b) The mission statement (c) The business prospectus (d) None of the above (3) The statement that spells out why the business exists and what the business will do is: (a) The vision statement (b) The mission statement (c) The business prospectus (d) None of the above (4) The very first step in setting up a potentially successful business is: (a) Capital raising (b) Site selection (c) Demand identification (d) None of the above (5) Demand can be created via: (a) Aggressive advertising (b) Price cutting (c) Need matching (d) None of the above (6) Financial markets may be regarded as: (a) Mirror of an economy (b) Driver of an economy (c) Bane of an economy (d) None of the above (7) Providing quality goods and services implies good business sense because:...
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This note was uploaded on 04/06/2008 for the course INBM 100 taught by Professor Bhattacharya during the Spring '08 term at Dickinson.
- Spring '08