Grouping the United States into the Northeast Region, the Northwest Region, the Southeast Region, and the Southwest Region would be departmentalization by
A. location.
B. customer.
C. function.
D. product.
E. task.
Answer: A
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According to the Exporter Data Base, small and medium-sized enterprises accounted for ___________ of all U.S. exporters.
A. 86 percent B. nearly 98 percent C. under 10 percent D. nearly half E. 25 percent
Of the statements below, which one best applies to magazines?
A) Magazines are moving heavily toward digital layout and delivery. B) On-demand printing has steadily increased magazine readership. C) They are no longer an important medium among public relations professionals. D) Studies have shown that readers no longer have specialized interests.
In November, the appliance store priced its front-loading washing machines at $899.00 and sold 50 units. In December they reduced the price to $799.00 and sold 53 units. Which of the following statements is accurate regarding this situation?
A. Demand is inelastic and total revenue rose from November to December. B. Demand is inelastic and total revenue fell from November to December. C. Demand is neither elastic nor inelastic, but revenue rose from November to December. D. Demand is elastic and total revenue fell from November to December. E. Demand is elastic and total revenue rose from November to December.
A bill of lading refers to: A) a proof of identity that a consignee must deliver to a carrier prior to receiving the goods that have been transported
B) a form signed by an officer of a vessel evidencing the receipt of a certain consignment on board and which does not serve as a document of title. C) a receipt and contract between the shipper of a particular good and a carrier. D) an agreement between the owner of a vessel and a merchant, by which a ship is hired for the transport of goods for a defined period.