Which of the following statements is true about the task environment?
A. It is extremely easy to recognize new trends and changes among the members of the task environment.
B. It is a part of the internal environment made up of employees, owners, and board of directors.
C. This part of the environment is made up of those people a firm deals with every day.
D. The task environment of a firm is larger than its general environment.
Answer: C
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Which of the following is an example of an unsought product?
A) furniture B) laundry detergent C) refrigerator D) toothpaste E) life insurance
A tax on an imported product designed to raise revenue or protect domestic firms is referred to as a(n) ________
A) exchange B) excise C) fine D) quota E) tariff
According to Transparency International, firms from which of the following countries are LEAST likely to pay bribes?
A) Germany B) the United Kingdom C) China D) Mexico E) Canada
Storage of unneeded inventory is a non-value added item
Indicate whether the statement is true or false