Final Exam Business true/false 2,5,
Consumers only need to consider tangible benefits when buying products
false
Customers input and feedback has no effect on how companies shape their products
false
Debenture bonds are safer than secured bonds
false
Employee morale is the responsibility of only individual employees.
false
In most companies, accounting is the only responsibility of the finance departmen
false
It is not at all necessary to revisit a financial plan periodically
false
Marketing concept changed the focus from producing the right product for a customer to finding the right customer for a product using sophisticated marketing techniques
false
Middle managers sometimes are the go between for front line managers and executive managers
false
Money management is critical for corporations but not for individuals
false
Most companies that issue stock are legally required by the Securities and Exchange Commission to pay dividends to shareholders
false
Once common trade barrier is competition
false
The marketing staff is MOST often the first contact the first contact point for many customers
false
One of the goals of public relation campaigns is to correct misperceptions the public may put out the organization
true
Patricia can resign from her job at any reason at any time because of the employment at will doctrine
true
Robots can work around the clock with good accuracy and in potential hazardous conditions.
true
The fact that bob will only buy Land Jeans is an example of brand loyalty
true
The marketing process is different for B2B markets than it is for consumer markets.
true
Trade barriers include tools like embargos quotas and local content requirement
true
Trading stocks online yourself is less expensive than using a stockbroker
true
a 401(k) plan is defined contribution plan in which pretax dollars are invested in a bundle of investments that are generally managed by an outside investments should be made
true
crowdsourced funding is used to help start and grow a small business
true
organizational psychology is the study of how to create a workplace that fosters motivation and productivity among employees
true
technical skills may include the ability to operate a 10key calculator
true
Marketing is an ongoing process of tweaking a business to satisfy customers in order to ensure value, and repeat business
ture
A target market is a group of people who have completed surveys, questionnaires or other forms and have indicated an interest in the production of a new product.
false
When a company follows a strong CRS program it will restrict opportunities for growth
false
a job description gives species on skills, education, experience and personal attributes a candidate should possess
false
adware is any software application that tracks your personal info and passes it on to a third party
false
companies who use the theory z management style model tend to see high turnover and low morale in the workforce
false
it is not important to use social media as a mean of marketing
false
strong leadership often comes at the expense of others
false
wages and salaries are paid the same way
false
A liability is what we owe
true
Advertising is paid, impersonal mass communication from an identified sponsor to persuade or influence a targeted audience.
true
An asset is what we own.
true
Capacity planning is the process of determining how much product organization can produce
true
Demand-based pricing (sometimes called value based pricing) is pricing a good or service based on the demand for the product or its perceived value
true
Educating the local workforce is part of a thorough corporate social responsibility commitment.
true
Ethics is the study of the general nature of morals and the specific moral choices we make
true
Financial management involves setting up and monitoring controls to make certain the plans and budgets are monitored sufficiently so that the business can reach its financial goals.
true
Financial statements serve as a basis for management to develop expectations of where the company will be in future statements
true
In general the riskier an investment the greater the opportunity for a large return
true
Marketers need to be aware of cultural and social differences before launching their products campaigns.
true
Marketing intermediaries are also referred to as middlemen and wholesalers
true
Minimizing the company's carbon footprint is part of plan to increase corporate philanthropy
true
Most new employees experience some type of new employee orientation within the first week of beggining employment
true
Offering clean fuel is one way a business can create a new market ethically.
true
Offsourcing is moving of production from a domestic site to a foreign location
true
