Business test final
A sole proprietorship tends to be both larger and more profitable than a partnership
False
A supermarket sells a complete selection of food and general merchandise at a steep discount in a single enormous location
False
Demographic factors include the milestones achieved during the developments in the field of computers, telecommunications, and other digital products
False
Form utility satisfies wants by converting inputs into a finished form
False
Job fairs are an example of internal recruitment methods
False
Manufacturers rarely emphasize packaging because this aspect of the product has little relevance to a customers decision_ making process
False
Railroads are the slowest mode of transportation
False
Small businesses generate 50% of total employment i. American inner cities
False
A draw back of communism which was adopted by some countries was the inability of people to make basic choices such as where or what to buy
True
A job description is an explanation of the responsibilities for a specific position I am organization
True
Administrative costs for small health plans are much higher than for large firms making it tougher for small firms to offer coverage to their employees
True
I the context of modes of transportation, ships have limited availability
True
The owner of a sole proprietorship must share any after tax profits with the company's shareholders
False
Organization charts help managers understand the financial situation of the company
True
The marketing concept holds that delivering unmatched value to customers is the only effective way to achieve long term profitability
True
Unfair business practices such as predatory pricing hinder capitalism from achieving its potential
True
A limited partnership is an agreement between two or more individuals to operate a business as co-owners for a limited period of time
False
During the production era managers focused mostly on customer satisfaction and not production efficiency
False
Employee separation refers to work place discrimination against a person based on his or her gender
False
Gross domestic product measures the total value of all the imports and exports of a nation on a quarterly basis
False
I. The context of making a career choice following ones passion guarantees a fat paycheck
False
Store brands are also called manufacturers brands
False
The Occupational Saftey and Health Act of 1970 required employers to verify employment eligibility for all new hires
False
One of the limitations of a non profit corporation is that it cannot have stockholders
True
In a capitalist economy private sector businesses are free to decide how much they will charge for their products
True
In the context of a capitalist economy the right to free choice directly feeds competition
True