Paulette goes to an appliance store to purchase a refrigerator. After comparing the technical features, prices, and durability of the various brands of refrigerators available, she purchases the cheapest and smallest in size. In this case, Paulette has purchased a _____.
A. shopping product
B. business product
C. specialty product
D. convenience product
Answer: A
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Which of the following statements is true regarding decentralization?
A. Decentralization increases the complexity of problems. B. Decentralization limits fast responses to business changes. C. Managers in a decentralized organization have less knowledge about local business advantages. D. Decentralization allows managers to receive on-the-job training in decision-making.
Which of the following is NOT a part of a corporation's annual report?
A) report of independent registered public accounting firm B) MD&A C) notes to financial statements D) employees' pay rates
The task of a lobbyist is ultimately rooted in the ________, which provides citizens the right to petition the government
A) Fifth Amendment B) Twenty-third Amendment C) First Amendment D) Sixth Amendment
Which of the following statements is correct concerning the reporting of quantitative data?
a. People are not usually interested in proportions or ratios, because they are confusing. b. When tabulating research results of opinions and preferences, reporting exact statistics to the most accurate decimal point is necessary to avoid distortion in interpretation. c. Common language reduces difficult figures to the "common denominators" of language and ideas. d. Because of their absolute and understood value; dollars are a good measure of comparison from one year to another.