Examlex

Solved

Consider the Following Code Snippet

question 11

Multiple Choice

Consider the following code snippet:
Try
{
PrintWriter outputFile = new PrintWriter(filename) ;
WriteData(outputFile) ;
}
Finally
{
OutputFile.close() ;
}
Catch (IOException exception)
{
) . .
}
Which of the following statements about this code is correct?

Grasp the importance of managerial skills and financial management in small-business survival.
Understand the role and support mechanisms provided by the Small Business Administration.
Appreciate the flexibility and adaptability of small businesses to changing market conditions.
Recognize the strategic importance of targeting market niches for small businesses.

Definitions:

Incremental Productivity Method

A cost-based sales force sizing approach that compares the cost of adding one salesperson to expected additional sales revenue; the company will keep adding salespeople as long as the revenue exceeds the added cost.

Market Potential

This is an estimate of the maximum total sales of a product or service by all vendors to all potential customers within a specific market segment.

Sales Force Size

The total number of individuals in a company's sales team responsible for selling its products or services.

Ethical Standards

The principles that guide the behavior and decision-making processes of individuals and organizations, aimed at ensuring fairness, integrity, and respect for others.

Related Questions