All of the following are unique characteristics that distinguish services from goods EXCEPT:

A. intangible
B. inseparable
C. searchable
D. heterogeneous
E. perishable


Answer: C

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Which of the following is not a purpose of bankruptcy?

A. Offer a fresh start to the debtor. B. Punish the debtor. C. Prevent creditors from gaining an unfair advantage over one another. D. Create a way for creditors to recover the debt.

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A partnership is a business owned by two or more individuals

a. True b. False Indicate whether the statement is true or false

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Nathan writes his classroom speech in plenty of time, but he doesn’t practice it until the night before the speech is due. He works until after midnight to put the finishing touches it on his keyword outline, and then he practices the speech six times. What is likely to be the result of Nathan’s speech preparation technique?

a. He will be more nervous than if he had spread out his practice sessions. b. His performance will suffer because he will forget what he wants to say. c. He will deliver his speech in an unnatural way because he has memorized it. d. He is likely to have trouble conveying enthusiasm because he is tired.

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If a Middle Eastern culture and the American culture differ as to the morality of a particular action, under ethical relativism:

a. both cultures are correct. b. the action should be assessed to determine whether the action produces more net pleasure compared with net pain. c. a cost-benefit analysis should be conducted to determine the relative economic efficiency of the action. d. the action should be viewed through a "veil of ignorance" to determine whether it is ethical.

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