In a questionnaire, respondents are asked to mark their gender as male or female. The scale of measurement for gender is

a. ordinal scale.
b. nominal scale.
c. ratio scale.
d. interval scale.


b

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Board members of a nonprofit organization are calculating the salary offer for a new chief executive officer (CEO). The board wants to ensure that the salary paid to the new CEO is fair for the knowledge and skills needed to perform the job well. The board members are practicing ______.

A. open compensation B. closed competition C. nonprofit distributing D. noncompulsory distributions

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Randy, a minor, buys a new four-wheel drive truck from the Jones Dealership. Randy sells this truck to his cousin, Steve, who is an adult. Steve conveys this vehicle to Arthur Smith. Arthur does not personally know Steve or Randy. Randy may:

a. recover the vehicle from Mr. Smith. b. not recover the vehicle from Mr. Smith. c. hold Steve liable in tort. d. recover the reasonable value of the vehicle but not the vehicle itself.

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The process of organizational buying is entirely different from consumer buying.

Answer the following statement true (T) or false (F)

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Discuss the corporate form of business organization with respect to how it is created, the liability of persons having an ownership interest, how management is conducted, and duration of existence

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