Test bank For Business Foundations A Changing World 13 edition By O. C. Ferrell, Geoffrey Hirt and Linda Ferrell Test bank

,ACCESSgTestgBankgforgBusinessgFoundationsg13thgEditiongFerrell

Business Foundations Edition 13 by Ferrell
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CORRECTgANSWERSgAREgLOCATEDgINgTHEg2NDgHALFgOFgTHISgDOC.
TRUE/FALSEg-gWriteg'T'gifgthegstatementgisgtruegandg'F'gifgthegstatementgisgfalse.
1) Whengyougpaygforgyourgclothesgtogbegdrygcleanedgorgtogreceivegagmassagegatgthegspa,gyouga
regnotgreceivinggagproductgingreturngforgyourgpurchase.
⊚g true
⊚g false

2) Thegissuancegofgstocksgandgbondsgisgagmarketinggactivitygforgagcompany.
⊚g true
⊚g false

3) Thegfocusgofgallgmarketinggactivitiesgisgthegsuccessfulgtransformationgofgresourcesgintoggood
sgandgservices.
⊚g true
⊚g false

4) Learninggaboutgbusinessgcanghelpgyougbecomegagwell-
informedgconsumergandgmembergofgsociety.
⊚g true
⊚g false

5) Allgeconomicgsystemsgmustgaddressgthreegimportantgissues,gonegofgwhichgisghowgtheggood
sgandgservicesgwillgbegproduced.
⊚g true
⊚g false

6) CountriesgsuchgasgChinagandgRussiaghavegusedgstategcapitalismgtogadvancegthegeconomy.
⊚g true
⊚g false

7) ManuglivesgingAustralia,gwheregbusinessgownersgcangdetermineghowgtogoperategtheirgow
ngbusinesses.gTheregisgsomegregulation,gbutgoverallgManughasgthegfreedomgtogmakeghisgo
wngchoices.gManu’sggovernmentgoperatesgasgagfree-enterprisegsystem.
⊚g true
⊚g false




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,ACCESSgTestgBankgforgBusinessgFoundationsg13thgEditiongFerrell

Business Foundations Edition 13 by Ferrell
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8) Thegequilibriumgpricegisgrepresentedgbygthegpointgwheregagproduct’sgsupplygandgdeman
dgcurvesgintersect.
⊚g true
⊚g false

9) Thegcurrentgnationalgdebtgisgaroundg$5gtrillion.
⊚g true
⊚g false

10) Whilegethicalgbehaviorgcangenhancegagcompany’sgreputation,gitgoftenghasgagnegativegeffectgo
ngthegcompany’sgfinancialgperformance.
⊚g true
⊚g false

MULTIPLEgCHOICEg-
gChoosegthegonegalternativegthatgbestgcompletesgthegstatementgorganswersgthegquestion.

11) isgthegprimaryggoalgofgbusiness.
A) Service
B) Profit
C) Innovation
D) Quality
E) Strategy

12) Businessesgdiffergfromgnonprofitgorganizationsgingthatgagbusiness'sgfocusgisgon
A) profit.
B) goods.
C) price.
D) charity.
E) fund-raising.

13) Whichgofgthesegisgangintangiblegproduct?
A) agmoviegDVD
B) agkitten
C) perfume
D) agmusicgconcert
E) jewelry




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, ACCESSgTestgBankgforgBusinessgFoundationsg13thgEditiongFerrell

Business Foundations Edition 13 by Ferrell
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14) Vidorghiredgangattorneygtoghelpghimgdraftgagpurchasegandgsalegagreementgforghisgnewghom
e.gTheghomegisgangexamplegofgagproductgthatgisga(n)
A) idea.
B) service.
C) tangiblegitem.
D) process.
E) intangibleggood.

15) Whichgofgthesegisgagtangiblegproduct?
A) angautomobile
B) agmoviegviewing
C) aghaircut
D) agmusicgconcert
E) agbusinessgconference

16) Whichgstatementgaboutgbusinessesgandgprofitsgisgaccurate?
A) Profit-makinggisgagbusinessgactivitygthatgseldomgrequiresgriskgtaking.
B) U.S.gbusinessesgdognotghavegthegrightgtogusegtheirgprofitsgthegwaygtheygchoose.
C) Profit-makinggbusinessesgoftengweakengthegeconomygofgagcountry.
D) Earninggprofitsgcontributesgtogsocietygbygcreatinggresourcesgthatgsupportgsocia
lginstitutionsgandggovernment.
E) Ignoringgtheginterestsgofgstakeholdersgisgthegbestgwaygforgagbusinessgtogbegprofitable.

17) Whichgstatementgregardinggnonprofitgorganizationsgisgaccurate?
A) Theygprovidegservicesgbutgnotggoods.
B) Theyghavegagresponsibilitygtogshareholdersgtogearngmoney.
C) Theyghavegthegfundamentalggoalgofggrowinggmarketgshare.
D) Theygutilizegskillsgrelatedgtogmanagement,gmarketing,gandgfinance.
E) Theygdognotgincludegsocialgcauses.

18) Allgtheggroupsgthatghaveganginterestgingangorganization'sgsuccessgandgoutcomesgaregknowng
asgthegorganization's
A) agencies.
B) stakeholders.
C) owners.
D) investors.
E) shareholders.




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