They handle the invention, development, and production of the product or service.a.ManufacturerO b. ConsignmentO c. DistributorsO d. AgentsThe following are avenues wherein candidates are sourced out as manpower of a business except:O a. employment agenciesOb.the applicant himselfO C.manpower agenciesO d. walk insJob Description is the summary of what will the employee will do.Select one:O TrueO False

Business function is a core process which involves a set of activities that need to be carried out…

Answered: They handle the invention, development,…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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17- This refers to the act of obtaining a product from producers to the final consumers. a. quality b. satisfaction c. exchange d. demand
which of the following is appropriate for a licensee to make when talking to a seller concerning fees? A) The commission rate is independently established based on the cost and is negotiable. B) The real estate board has a rule requiring a set commission rate C) I must charge you a set rate because all brockers charge that rate in this area. D) The standard fee for a resale is 6%
Which of the following entities may legally sell insurance in the state of Florida a. Religious institutions required with the state b. Risk management consultants c. Law firms specializing in insurance d. Career agency systems
17- The sales organization where each salesperson is assigned particular functional responsibilities for the entire range of customers is called a. Functional sales organization b. Hybrid sales organization c. Product based sales organization d. Line and staff sales organization
Among subjects the UCC does not cover are... letters of credit service contracts sale of goods bank collections
Which of the following is an example of a red flag for a billing scheme? a. Invoices include sales tax b. The supplier is well-known in the marketplace c. Purchases for services are made in small increments d. Vendors who consistently bill at the end of the month
What happens when an employee records a fictitious refund of goods at his cash register? a. A disbursement from the register is unrecorded. b. The victim company’s inventory is unreported, and a disbursement from the register is overstated c. The victim company’s inventory is overstated, and a disbursement from the register is recorded. d. The victim company’s inventory is understated.
Which one of the following options is NOT part of sales relationship types? a. Transformation relationship b. Transactional relationship c. Affiliate selling relationship d. Functional relationship
Which of the following is not a requirement of the seller in a shipment contract? a. The seller must assume the risk of loss until the buyer physically receives the goods. b. The seller must act appropriately in selecting and making a transportation contract for the goods with the independent carrier. c. The seller must notify the buyer when the goods have been shipped. d. The seller must be sure that the goods are appropriately packaged for shipment. The seller must assume the risk of loss until the buyer physically receives the goods. e. The seller must provide to the buyer any documents of title necessary for the buyer to take possession of the goods.
16- In which of these situations can a firm ensure that they can effectively satisfy customers? a. giving several free items for products bought by the customer b. not telling about the poor features of a product c. selling fake products for a cheap price d. providing value to customers through the quality of the products of the company
4- The sales organization where each salesperson is assigned to a particular industry or individual customer is known as: a. Line and staff sales organization b. Customer sales organization c. Functional sales organization d. Product based sales organization
As per competitive prioritie, cost means;

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They handle the invention, development, and production of the product or service. O a. Manufacturer O b. Consignment O c. Distributors O d. Agents