________ of procurement officers use auctions to purchase goods.

A. Approximately 80%
B. Less than a quarter
C. Over one third
D. Approximately 25%


Answer: C

Business

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In selling highly complex products, such as industrial equipment and accounting systems, salespeople make several sales calls to develop a detailed analysis of a prospect's needs. What kind of sales presentation method is most likely required?

A. Stimulus response B. Need-satisfaction C. Memorized D. Problem-solution E. Formula

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When preparing a scannable résumé, it is advisable for the applicant to use creative formats that simulate catalogs or newspaper columns to set the résumé apart visually from many others that will be received

Indicate whether the statement is true or false

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In which of the following forms of concurrent ownership may one party unilaterally transfer her

portion without the consent of the other party(ies)? A) Join tenancy B) Tenancy in common C) Tenancy by the entirety D) A, B, and C E) A and B only

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Which of the following statements about the idea evaluation step is FALSE?

A. This step should gather enough information to help decide whether there is an opportunity. B. Product planners can compare the cost advantages and limitations of a new product with those currently being used. C. Companies can often estimate likely costs, revenue, and profitability at this stage. D. Product tests with customers are used to revise the early versions of the product.

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