Answer the following statements true (T) or false (F)
1. Placement describes where a product or service gets located in the marketplace.
2. According to the mutuality principle, marketers are obligated to sell products for the lowest price possible.
3. In the Robin Hood Effect, managers offer something extra to wronged employees.
4. All managers carry out some human resource functions.
5. Interactional justice is particularly important when selecting employees.
1. True
2. False
3. True
4. True
5. False
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What will be an ideal response?
Which of the following scenarios illustrates business marketing?
a. Molly, a university student, buys a book to gift her friend. b. Tom, the accountant at Martel Inc., buys a pair of shoes for his daughter. c. Mark, a school student, purchases a laptop for his personal use. d. Jenny, the manager of Ikon Inc., purchases a set of printers for her office.
Explain the requirement for a holder in due course (HDC) under the Uniform Commercial Code (UCC) that there be no evidence of forgery, alteration, or irregularity with respect to a negotiable instrument
What will be an ideal response?
An unqualified opinion would entail that the company's financial statements have some deviation from Generally Accepted Accounting Principles (GAAPs)
Indicate whether the statement is true or false