Business test final

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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


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