What is a corporate chain?
A. businesses in which a supplier grants a dealer the right to sell products for a fee
B. wholesale sponsored groups of independent retailers that band together
C. an independent retail operation that employs 50 or more people
D. a group of independent retailers that band together to set up a jointly owned, central wholesale operation
E. two or more retail outlets that are commonly owned and controlled
Answer: E
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Although businesses engage in a wide variety of activities, all of these activities can be categorized into three types. Which of the following choices best reflects these three types of business activities?
a. Operating, financing, reporting b. Investing, reporting, financing c. Operating, financing, investing d. Investing, reporting, operating
One author lists the characteristics of integrative negotiation as great listening skills, personal character and integrity, personal maturity, and something called "________ mentality," referred to as a "win-win" or creating value mentality.
Fill in the blank(s) with the appropriate word(s).
Which test is not an example of a white box test?
a. determining the fair value of inventory b. ensuring that passwords are valid c. verifying that all pay rates are within a specified range d. reconciling control totals
Which of the following statements related to religious influences is incorrect?
a. The United States has never had an official state church. b. The best time to conduct business with the Muslims is during Ramadan. c. When conducting business with the people of Zaire, it may be a wise to change the sales and marketing techniques you would ordinarily use. d. When having a business meal with the Hindus, it is best to avoid serving beef.