The study of how a society chooses to use scarce resources to produce goods and services and to distribute them to people for consumption is:
a. economics
b. marketing
c. microeconomics
d. macroeconomics
e. sociology
a. economics
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Which of the following items is not typically requested from the lawyer of a company regarding contingencies?
a. Any limitations on the lawyer's response such as not devoting substantial attention to the item or that the amounts are not material. b. Information about the attorney's other clients with similar contingencies. c. A description of each contingency, as well as progress and action that the company plans to take. d. A comment on the completeness of management's list of contingencies and an evaluation.
How can employees in smaller firms be participative and creative?
What will be an ideal response?
A(n) _____ is a subgroup of individuals or organizations sharing one or more characteristics that cause them to have relatively similar product needs.
A. market universe B. market segment C. aggregated market D. segmentation base E. population sample
Since the population is always larger than the sample, the population mean:
A) is always larger than the sample mean. B) is always smaller than the sample mean. C) is always larger than or equal to or smaller than or equal to the sample mean. D) can be smaller than, or larger than, or equal to the sample mean.