Our society uses many factors, including occupation, educational level, income, wealth, religion, race, ethnic group, and possessions, to group people into
A. family types.
B. geographic regions.
C. reference groups.
D. social classes.
E. attitudinal segments.
Answer: D
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What does business risk include?
a. Economic factors. b. Competitive factors. c. Regulatory risk. d. All of the above.
Assume that Division J has achieved income from operations of $165,000 using $900,000 of invested assets. If management desires a minimum rate of return of 8%, the residual income is:
A) $72,000 B) $13,200 C) $185,000 D) $93,000
Should speakers use the direct or indirect approach when the audience is likely to agree with their messages?
Profit maximization is NOT an adequate goal of the firm when making financial decisions because:
A) it does not necessarily reflect shareholder wealth maximization. B) it ignores the risk inherent in different projects that will generate the profits. C) it can over-emphasize a project's short-term returns. D) All of the above.