Southern New Hampshire University
OL-110 Intro to Business
final EXAM questions and answers
1
An office supply company created a new office organization product. Its customers have very little knowledge
about the product, and the company is willing to modify the product to adjust to the market.
Which phase of the product lifecycle below does the scenario describe?
Decline
Growth
Introduction
Maturity
CONCEPT
Product Life Cycle
2
Which of the following is an example of an asset listed on a balance sheet?
Debt from a long term loan
Accounts payable for a business
Interest to be paid on a promissory note
Value of equipment used in production
