QUESTION 81 A company should employ statistical methods on test market data befo

Question

QUESTION 81

A company should employ statistical methods on test market data before drawing conclusions on decisions like new product introductions.

True.

False.

1 points   

QUESTION 82

In which legal form of business do the owners have unlimited personal liability for the debts of the business?

General partnership

S corporation

LLC

C corporation

1 points   

QUESTION 83

A narrow product mix with a deep product line would most likely be carried by a:

Mass merchandiser.

Supermarket.

Discount store.

Specialty retailer.

Warehouse showroom.

1 points   

QUESTION 84

Anthony's main job as a manager is to compare daily sales with corporate goals. When sales are below expectations, Anthony searches for ways to correct the problem. Which major management function is being performed in this example?

Planning.

Controlling.

Organizing.

Leading.

1 points   

QUESTION 85

Suppose that the Consumer Price Index (CPI), a widely used measure of inflation in the U.S., rose from 100 in one year to 120 during the next year. The rate of inflation between the two (2) years is

120%.

220%.

20%.

Cannot be determined without further information.

1 points   

QUESTION 86

A government can be said to be stable when:

It maintains itself in power.

It is able to provide subsidies to the factors of production.

Its policies are predictable.

A and C.

1 points   

QUESTION 87

The term applied to the periodic expiration of a plant asset's cost is

Amortization

Depletion

Depreciation

Cost expiration

1 points   

QUESTION 88

Hans hired Pablo to work as his agent. They signed a two year employment contract that did not permit early termination by either party. After one year, Hans attempted to terminate Pablo's employment because business was slow. Pablo had been doing good work until then. In this situation:

Hans had the power (or authority) and the right to terminate Pablo's employment.

Hans had the power (or authority) but not the right to terminate Pablo's employment.

Hans had neither the power (or authority) nor the right to terminate Pablo's employment.

Hans had the right but not the power (or authority) to terminate Pablo's employment.

1 points   

QUESTION 89

The market in which the equilibrium level of interest rates is determined is the

Labor market.

Foreign exchange market.

Loanable funds market.

Goods market.

1 points   

QUESTION 90

Statistics can be manipulated by unethical people to suggest a course of action that is not supported by the data.

True.

False.

True.

False.

Explanation / Answer

81 ) True , the company should always employ statistical methods on test markets before drawing conclusions becuase without knowing whether the product will be succed or not in market they cannot launch on thier own. SO they should always do some statistical method to chech whether if there any chances of looses may occur and what is its efect on them

82) A) General partnership.

Under the partnership act the one major disadvantage is that the owners are subjected to unlimited personal liability for the debts of business.

83) D) Speciality reatiler

A reatiler who sells goods to selective clients are called specality reatiler. example : Mobile showrooms, bangle shops etc.

84) B) Controlling

In management of a manger the controlling is one main primary way to deal with any situation where he tries to establish the performance standards and take correct action to retain its orginal position.

86) D) Both A and C

A government is said to be stable only when it is in power and also policies are predictible. If it is in power it means the peoples support is with the government which means people are liking their policies

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