Demonstrate your understanding of the terms internal locus of control and external locus of control by giving an example of each.

What will be an ideal response?


People who have an internal locus of control believe they have some control over the outcomes of their actions, in which case they generally engage in more search activities. With an external locus of control, consumers believe that fate or other external factors control all outcomes.

Business

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Salespeople should most likely make benefit statements that:

A) cannot be matched by competitors B) match the specific needs of the customer C) match the needs of the typical buyer D) are similar in every presentation E) align with recent research

Business

Except for digital cellular telephones, copper wire is required for

digital transmission. Indicate whether the statement is true or false

Business

Information systems do not support just-in-time inventory

Indicate whether the statement is true or false

Business

Which of the following is true regarding fiduciary funds?

A. Governmental type funds report a net pension liability representing the unfunded pension obligation. B. When a government provides employees a defined benefit pension plan, the government is required to present a ten year Schedule of Changes in Net Pension Liability and Related Ratios as required supplementary information. C. Both of the above. D. Neither of the above.

Business