Gross national income (GNI)
A. is an excellent basis for comparing consumer well-being across different cultures and economies.
B. is a measure similar to GDP, but it does not include income earned by foreigners who own resources in that nation.
C. is the total market value of services, but not goods, produced in a year.
D. is the total market value of goods, but not services, produced in a year.
E. All these answers are correct.
Answer: B
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Anton is a salesperson at GF Motors Co. Ben, a customer, has an engine complaint with the car he purchased from GF Motors. Anton listened to his complaint and determined the facts in the complaint. Which of the following should Anton do to effectively respond to his customer in this scenario?
A. He should offer a solution and gain agreement that the proposed solution is acceptable. B. He should interrupt the customer if the customer is describing imaginary grievances. C. He should discuss how another employee of the company is actually at fault. D. He should determine whether his firm or the customer is responsible for the problem. E. He should attempt to sell a different car to the customer.
The first-in, first-out (FIFO) method creates better month-to-month cost comparisons than the weighted-average method ________.
A) because it does not recognize transferred in units from other processes B) when there are substantial quantities of units in process at the end of the period C) because it merges costs from the prior period with the current period D) because it is used by industries that do not experience significant cost changes
According to your text, modern marketing has its roots in all BUT which of the following?
A) anthropology B) economics C) psychology D) sociology E) statistics
Which of the following statements about electronic media is most accurate?
A) File-sharing services are helpful and should be accessed frequently. B) Tweeting about how much you dislike your job could get you fired. C) Privacy settings on Facebook and other social networks ensure that your information can be accessed only by those you choose. D) ?Your office computer is a safer place than the cloud to store personal photos.