Examining quality, design, materials, and item reduction to acquire a product in the most cost-effective way falls under which stage of the business buying decision process?
A. Searching for and evaluating potential products and suppliers
B. Development of product specifications
C. Selecting the product to be purchased and the supplier
D. Evaluating the supplier's and product's performance by comparing it with specifications
E. Problem recognition
Answer: A
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An individual's character alone is adequate to generate trust.
Answer the following statement true (T) or false (F)
Bay City Merchants Corporation has six shareholders, four of whom are members of the same family. All of Bay City's shareholders agree in writing to operate without shareholders' meetings. Under the Revised Model Business Corporation Act, this most likely warrants
a. no penalties or sanctions. b. the imposition of a fine on Bay City. c. the imprisonment of Bay City's shareholders. d. the piercing of Bay City's corporate veil.
Which of the following is a recommended practice to avoid race or ethnicity bias?
A. Forgo any references to race or ethnicity. B. Talk about a friend of yours who is of the same race or ethnicity as the listener. C. Discuss a recent book you read about the pointlessness of racial issues. D. Mention your affinity for all things associated with the race or ethnicity of the listener.
Which of the following is a difference between commercial paper and U.S. Treasury bills?
A. Unlike U.S. Treasury bills, commercial paper matures in 26 weeks. B. Unlike U.S. Treasury bills, commercial paper is highly liquid. C. Unlike commercial paper, U.S. Treasury bills are essentially risk-free. D. Unlike commercial paper, U.S. Treasury bills are capital assets.