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Brix Beauty Salon used a celebrity's name and photograph in a recent newspaper advertisement, even though the celebrity had not given Brix permission to use her name and likeness. What tort did Brix Beauty Salon commit? Appropriation Which of the following forms of ownerships is a group of individuals organized by a charter that is granted by a state? Corporation Computer manufacturers sell their products through retailers, such as Best Buy. This is an example of of the (...) fu...

One business promising to do something for another business in return for receiving compensation is an example of a A. partnership. C. contract. B. benefit. D. guarantee. C (Contracts are agreements among two or more parties stating that one party is to do something in return for something provided by another party. If one business promises to do something for another business in return for receiving compensation, the two businesses have a contract. Then, the businesses are obligated to f...

Franchise a contractual agreement between a parent company and a franchisee to distribute goods and services Corporation a form of business ownership that is owned by stockholders who have purchased units or shares of the company Elastic Demand demand that changes according to changes in price Inelastic Demand demand that is not affected by changes in price. Unitary Demand when sales remain the same because changes in supply and demand are equal Tort ...

51. What is an indirect, mechanical-observation data-collection method that a business can use to obtain accurate information about the specific types of products that its customers are buying? A Point-of-sale scanners 52. The following appeared on a recent survey: "Do you agree that the government wastes taxpayers' money by supporting unnecessary programs?" This is an example of a(n) C Leading question. 53. Which marketing function helps businesses answer questions like, ...

Exclusive Distribution Situation where suppliers and distributors enter into an exclusive agreement that only allows the named distributor to sell a specific product. Electronic Data Interchange (EDI) Systems The electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Trading Partners Business entities conducting business electronically. Str...

What type of law focuses on issues regarding the promises that businesses make with their customers, vendors, and other business partners? A. Patent B. Constitutional C. Probate D. Contract D. Contract A basic principle of procedural due process involves __________ before taking action. basic principle of procedural due process involves __________ before taking action. A. awarding damages B. obtaining witnesses C. providing notice D. creating evidence C. Providing notice W...

The purpose of legal procedure is to ensure that each party receives A. ongoing advice. B. consistent treatment. C. a reasonable verdict. D. an indictment. b Wal-mart, Chevron Texaco, and Ford Motor Company sell stock in their companies. They are examples of which of the following types of business ownership: A. Franchisee B. Corporation C. Partnership D. Sole proprietorship b Channels of distribution benefit businesses by A. lowering the prices of all industrial goods....

1. Which of the following is a type of intangible business property that is protected by law: Trademark. A trademark is a symbol, design, or word used by a business to identify a good or service and is registered with the government to prevent its use by others. A trademark is an example of intangible business property. Federal law protects a business's intangible property from being used by competitors. A business's inventory, acreage, and equipment are types of tangible property. 2. ...

A business that fails to protect its employees from unnecessary risk or health hazards on the job may be sued for negligence. What requirement of a legally enforceable contract requires that both of the parties who are entering into the contract are sane, sober, and of legal age? Capacity The owner receives all of the profits of the business and can act quickly in making business decisions when the form of business ownership is a sole proprietorship. Which of the follo...

Limited liability is a characteristic of what form of business ownership? Coorporation Where are you most likely to read relevant, valid information about federal legislation such as copyright law? Government Publications What type of information should employees be able to locate in their company's employee handbook? The use of company property The employee didn't listen to the manager's explanation about how to perform a certain task because she/he had done a similar...

consumer questionnaires, surveys, and direct interviews are all forms of data collection used in the____function of marketing. Information management A traditional ordering system typically begins with The business gathering sales data and inventory information what type of accounting method is your company using if it records sales as they happen, even if no money changes hands then? Accrual the bottom line on a business's profit-and-loss statement indicates Net income...

One business promising to do something for another business in return for receiving compensation is an example of a Contract. When an agent legally acts in the best interests of his/her client, the agent is establishing a(n) __________ relationship. Fiduciary. What do business owners consider when they select a business ownership structure? Personal circumstances, financial needs, and the type of business. When businesses want to make their products available to custome...

what do some hotel chains develop to establish formal relationships with employees? contracts an impact of antitrust legislation on business is that it prevents hospitality businesses from..... forming monopolies it is important for the JBH Hotel Supply Company to advise all of its channel members about a sales promotion that it plans to hold next month so the company.... products are availible to meet the demand which of the following is a product consideration when sele...

1. "To form my business, I used all of my savings and borrowed from the bank, and I'm personally liable for all of the debts." This is an example of which of the following forms of business ownership: A. Sole proprietorship B. Partnership C. Corporation D. Cooperatived A. Sole proprietorship 2. Tyrone is writing a research paper for his business class. What question should Tyrone ask as he looks for valid sources? A. Does this source provide relevant graphic aids? B. Is this mat...

To cross the street, you must use a crosswalk and wait until the appropriate traffic signal appears. This is an example of a law A debtor-creditor relationship exists when interest is charged Jon sues his former employer for harassment. In what situation would the employer be likely to offer Jon a settlement? The employer does not think it will be able to win the case. The litigation process begins when The plaintiff files a compliant with the court Which of the f...

The reason for using certain communications channels, such as coupons, in sales promotion is to: generate an immediate response In an ancient society, townspeople used cows to pay for the things they needed. The cows are an example of __________ money: commodity A promotion that makes false or exaggerated claims about a product is considered to be: deceptive The biggest risk to a real estate investment is: depreciation Which of the following is a technique that ma...

a business that failed to protect its employees from unnecessary risk your health hazard on the job maybe sued for negligence what requirements of a legally enforceable contract requires that both of the parties were entering into a contract are the sane, sober, and of legal age? capacity. The owner receives all the profits of the business and can act quickly in making business decisions when the form of business ownership is a sole proprietorship which of the following i...

A business owned by two or more persons who have unlimited liability is called a general partnership Which of the following statements contains the most relevant information to include in a business report about the specific market share of computer manufacturers during a particular time frame: In 2014, Hewlett-Packard held 27.6 percent of the market share, followed by Dell, which held 24.3 percent. The best way for Melissa to determine if her company will pay the tuition for t...

Psychographic This market segmenting involves studies of consumers based on their attitudes, lifestyles, and values. Demographic This market segment refers to statistical data or information concerning a person's age gender income level occupation, etc Behavioral This type of market segmentation is based on segmenting a market based on segmenting a market based on rate of use, shopping patterns or product benefits Geographic This market segmentation refers to segmenting...

What do business owners consider when they select a business ownership structure? a. Product versatility, financial needs, and advertising strategies b. Personal circumstances, financial needs, and the type of business c. Product versatility, advertising strategies, and personal circumstances d. Personal circumstances, type of business, and product mix B One business promising to do something for another business in return for receiving compensation is an example of a a. Contract B...