Which statement expresses the American Marketing Association (AMA)'s core definition of marketing?
A. Marketing is a philosophy, an attitude, a perspective, or a management orientation that stresses customer satisfaction.
B. Marketing is an organization function and a set of processes implemented in order to ensure customer satisfaction.
C. Marketing refers to personal selling that focuses solely on selling goods, services, and/or ideas to customers.
D. Marketing involves building long-term, mutually rewarding relationships that are beneficial exclusively to the sellers.
Answer: B
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Various stakeholders and ____ determine the acceptable standards of conduct involving ethics.
A. the organization's ethical climate B. the federal government C. various self-regulating bodies D. governmental agencies E. the industry leader's ethics
An administrative law judge's decision is issued in the form of a(n) ________.
A. majority report B. substantive rule C. administrative order D. writ of habeas corpus
FASB's Statement of Financial Accounting Concepts No. 7 specifies when fair value should be based on present value
Indicate whether the statement is true or false
All of the following are principal provisions of the Sarbanes-Oxley Act of 2002 except:
a. At least one member of the audit committee of the board of directors must be a "financial expert.". b. The lead audit or coordinating partner and the reviewing partner of the public accounting firm must rotate, or change, every five years. c. The firm's chief executive officer and the chief financial officer must issue a statement along with the audit report stating that the financial statements and notes fairly present the operations and financial position of the firm. d. The FASB has oversight and enforcement authority over the SEC.