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Business Management 2nd Semester Final Exam

Quiz by NeKeisha King Price

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50 questions
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  • Q1
    Which stage of the business life cycle is characterized by high growth, increasing market share, and growing profits?
    Growth stage
    Introduction stage
    Decline stage
    Maturity stage
    30s
  • Q2
    Which stage of the business life cycle involves establishing a new product or service in the market and incurring high costs with low initial profits?
    Maturity stage
    Decline stage
    Introduction stage
    Growth stage
    30s
  • Q3
    Which stage of the business life cycle involves establishing a loyal customer base, stable sales, and focusing on maintaining market share?
    Growth stage
    Introduction stage
    Maturity stage
    Decline stage
    30s
  • Q4
    What is the stage of the business life cycle where a new business is just starting, facing low sales and high expenses as it tries to establish itself in the market?
    Seed stage
    Expansion stage
    Maturity stage
    Decline stage
    30s
  • Q5
    What is the first stage of the business life cycle?
    Growth
    Decline
    Introduction
    Maturity
    30s
  • Q6
    Which stage of the business life cycle is characterized by rapid growth and high demand?
    Saturation
    Expansion
    Startup
    Decline
    30s
  • Q7
    What is the stage of the business life cycle where the company establishes its identity and builds a customer base?
    Expansion
    Decline
    Startup
    Saturation
    30s
  • Q8
    Which business structure involves unlimited personal liability for the owner's actions and debts?
    Sole proprietorship
    S-Corp
    LLC
    C-Corp
    30s
  • Q9
    Which business structure involves multiple owners who share in the profits, losses, and decision-making of the business equally?
    S-Corp
    Sole proprietorship
    C-Corp
    LLC
    30s
  • Q10
    Which business structure allows for an unlimited number of owners, known as shareholders, and the ability to issue multiple classes of stock?
    S-Corp
    Sole proprietorship
    C-Corp
    LLC
    30s
  • Q11
    Which business structure allows for pass-through taxation, where business profits are only taxed at the individual level?
    C-Corp
    S-Corp
    Sole proprietorship
    LLC
    30s
  • Q12
    Which business structure offers limited liability protection to its owners, shielding their personal assets from business debts and obligations?
    LLC
    Sole proprietorship
    S-Corp
    C-Corp
    30s
  • Q13
    Which step in the Elements of Design Thinking Process involves finding inspiration from various sources such as people, places, and things?
    Implementation
    Ideation
    Inspiration
    Feedback
    30s
  • Q14
    What step in the Elements of Design Thinking Process involves generating a wide range of ideas without judgment?
    Feedback
    Implementation
    Ideation
    Inspiration
    30s
  • Q15
    Which step in the Elements of Design Thinking Process focuses on putting ideas into action and creating prototypes?
    Ideation
    Implementation
    Inspiration
    Feedback
    30s

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