Word-of-mouth communication is not especially important when people are choosing restaurants and automotive, medical, and personal services such as hair care.
Answer the following statement true (T) or false (F)
False
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Answer the following statements true (T) or false (F)
1. Nonprofits receive all of their revenue from governments. 2. Mendel argues nonprofit studies must go beyond traditional accountability and include political studies. 3. A recent shift in thinking about nonprofits focused more on the sustainability of the organization as opposed to its services. 4. The revolution in nonprofit management has been caused, in part, by an economic downturn that occurred in the 2000s which led to a reduction in funding and an increase in the need for services.
All of the following statements about current assumption whole life insurance are true EXCEPT
A) It is a form of participating whole life insurance that pays annual dividends. B) An accumulation account is credited with an interest rate based on present market conditions and company experience. C) Under the low-premium version, the premium is subject to change after an initial guaranteed period. D) Under the high-premium version, the premium may be discontinued after a period of time.
Answer the following statements true (T) or false (F)
1. The annual percentage rate (APR) is the nominal rate of interest, found by multiplying the periodic rate by the number of periods in one year. 2. The annual percentage yield (APY) is the effective rate of interest that must be disclosed to customers by banks on their savings products as a result of "truth in savings laws." 3. The effective rate of interest is the contractual rate of interest charged by a lender or promised by a borrower. 4. The effective rate of interest differs from the nominal rate of interest in that it reflects the impact of compounding frequency. 5. For any interest rate and for any period of time, the more frequently interest is compounded, the greater the amount of money that has to be invested today in order to accumulate a given future amount.
Mattel, Inc selects suppliers and obtains raw materials to make toys. The company is engaged in which function of marketing?
A) Selling B) Buying C) Storing D) Financing E) Risk taking