Sample Marketing Cluster Exam #1 Flashcards
An employer may be liable for an employee’s tort when the employee’s action occur
within the scope of his/her employment
Which of the following statements is true about express contracts
they are stated orally or in writing
Which of the following is an aspect of channel management that impacts customer service
timeliness
Since most large, industrial goods require installation, the channel of distribution most commonly used by their producers is
product to industrial user
What type of law is violated when a supplier requires intermediaries to enter into tying agreements?
antitrust
Because of their strategic significance in providing place utility, it is usually easier to change price or promotional efforts than to change
distribution channels
Which of the following is a barrier to effective listening
distractions
One of the disadvantages of using nonverbal communication is that it
may not be interpreted accurately
What communication style is most appropriate to use when you are providing a friend with personal advice?
empathetic
Business employees who participate in group discussions should present their ideas and opinions in an
assertive manner
Which of the following are elements that appear in the heading of a memorandum
to, from, date, and subject
Before sending a professional e-mail message to a business associate, a business person should
proofread the message for spelling and grammatical errors
Which of the following is a type of simple written report that usually is distributed to employees within a business
memorandum
Which of the following is a guideline for employees to use in communication with coworkers?
think about what they say before they say it
What might result if a business fails to maintain positive customer/client relations?
decrease in sales
Employees who are unable to respond to questions about the company’s goods or services can affect the customer’s?
image of the business
Which of the following is no longer the determining factor in customer’s buying decisions for many products?
price
Which of the following is one of the deciding factors in determining whether an item is a consumer or industrial good?
who makes the purchase
Businesses are affected by social factors in the external environment because
customer needs are affected by these factors as well
Which of the following provides government protection of business property
patents
What is a method that managers can use to motivate employees?
offering performance-based financial rewards
What is the term for higher levels of output resulting from putting more workers on the job?
increasing returns
Susan’s father receives veteran’s benefits, and her grandmother gets Social Security. Are these payments counted in GDP?
No, these are transfer payments
What is one reason why the overall unemployment rate understates the actual employment situation?
discouraged workers are not included
What tends to occur when a country is experiencing political instability?
its currency loses value
An individual who lives by an established set of personal ethics is said to be
integrity
One of the benefits of negative feedback is that it
lets you know what is expected of you
An example of a governmental change would be a change in
highway speed limits
What should you develop to persuade others to believe what you say?
personal credibility
Why do many businesses develop programs and activities to help reduce employee stress?
to maintain productivity
When reaching a consensus by a formal method, why might a group of members prefer to use questionnaires?
to remain anonymous
Which of the following is a true statement about visions?
they require hard work and determination
What is one of a coach’s most important tasks?
giving feedback
A positive political tactic to use to influence organizational decision making often involves
developing a support base
What form of currency is issued by the federal government?
paper money
The single most important aspect of making a financial plan and setting goals is
getting started now
According to Isaac’s pay stub, his total earnings before deductions are $1,425. His total deductions are $255. What is Isaac’s net income?
$1, 170
Monitoring financial accounts and reading bank statements on a regular basis can help detect activities associated with
identity theft
The promoters of the annual Shakespeare Festival include a statement on the back of the event ticket to the effect that they will not be responsible for harm or injury to the ticket holder. The attendees thereby agree to accept liability for their own possible risks by purchasing the ticket. What action is being taken with the risk?
transferring it
An insufficient cash flow is one of the main causes of
business failure