Indicate whether each of the following statements about markets is true or false. ________ a) Financial resources can be provided to a business by conversion agents.________ b) Resource owners are the businesses that transform resources into products that satisfy consumer desires.________ c) Labor resources include both the physical and intellectual labor of a business's employees.________ d) Conversion agents purchase their resources from resource owners.________ e) Consumers are the main providers of resources in any market.

What will be an ideal response?


a) F b) F c) T d) T e) F

Financial resources are provided to a business by investors and creditors. Conversion agents, not resource owners, transform resources into products. Resource owners are the main providers of resources in any market.

Business

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What will be an ideal response?

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Noise traveling through the air is known as airborne sound, but noise traveling through structural facilities is known as facility sound

Indicate whether the statement is true or false.

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Which of the following is a more advanced quantitative technique for location analysis?

a. breakeven analysis b. factor rating method c. the transportation method d. center-of-gravity method

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The closeout step that requires all contractual documents be recorded and archived is:

A) Putting it all to bed. B) Finishing the work. C) Reviewing how it all went. D) Harvesting the benefits.

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