MGT211 Current Quiz

MGT211

Quiz Start Time: 08:02 PM Time Left 87 sec(s) Question # 1 of 15 ( Start time: 08:02:49 PM ) Total Marks: 1 A market survey is important because it tells you: Select correct option: How many & what types of people are shopping at a store. Tells you what the customer will buy. Tells you how much the customer will pay for the product. All of the above.

Quiz Start Time: 08:02 PM Time Left 88 sec(s) Question # 2 of 15 ( Start time: 08:04:18 PM ) Total Marks: 1 The obtaining and investing funds by the firm is determined by the Select correct option: Finance function Marketing function Organizing function Accounting function

Quiz Start Time: 08:02 PM Time Left 88 sec(s) Question # 3 of 15 ( Start time: 08:05:37 PM ) Total Marks: 1 At which stage of the personal selling process would you obtain a purchase commitment from the prospect? Select correct option: Approach Presentation Close Follow-up

stage of the personal selling process

marketing is inaccurate

focuses on job content, environment

salesperson are you most likely

Quiz Start Time: 08:02 PM Time Left 87 sec(s) Question # 8 of 15 ( Start time: 08:11:30 PM ) Total Marks: 1 All of the following statements are true regarding a partnership except __________. Select correct option: Partners pay personal income tax on their share of the partnership's income A new partnership agreement is required whenever a new partner enters or leaves the partnership Mutual agency creates personal obligations for each partner Each partner's liability is limited to the amount he or she contributed to the partnership

Question # 9 of 15 ( Start time: 08:12:16 PM )	Total Marks: 1
The following are included in a business plan:
Select correct option:
Financial information, production plans, personnel policies Goals of the business and how they will be achieved. Market analysis All of the above.

Quiz Start Time: 08:02 PM Time Left 88 sec(s) Question # 10 of 15 ( Start time: 08:12:42 PM ) Total Marks: 1 A consumer's need is escalated to a motive under which of the following conditions? Select correct option: Seeking satisfaction. Pressure. Crisis. The need is aroused to a sufficient level of intensity.

Question # 11 of 15 ( Start time: 08:13:57 PM )	Total Marks: 1
___________ is defined as the difference between the benefits a customer sees from a market offering and the costs of obtaining those benefits.
Select correct option:
Customer value Satisfaction scale Profit margin Competitive benefit

Quiz Start Time: 08:02 PM Time Left 87 sec(s) Question # 12 of 15 ( Start time: 08:14:57 PM ) Total Marks: 1 The difference between a country's merchandise exports and its merchandise imports is the: Select correct option: Current account. Capital account Balance of trade Balance of payments

Quiz Start Time: 08:02 PM Time Left 88 sec(s) Question # 13 of 15 ( Start time: 08:16:25 PM ) Total Marks: 1 which of the following factor(s) contribute to failures of new businesses. Select correct option: Managerial incompetence or inexperience. Neglect Weak control systems All of the given

Quiz Start Time: 08:02 PM Time Left 88 sec(s) Question # 14 of 15 ( Start time: 08:16:53 PM ) Total Marks: 1 A “tariff” can best be described as: Select correct option: A tax imposed on an imported good. A tax imposed on an exported good. A law which limits the quantity of a good that can be imported. A government payment to producers of an exportable good.

Quiz Start Time: 08:02 PM Time Left 88 sec(s) Question # 15 of 15 ( Start time: 08:18:17 PM ) Total Marks: 1 Of the following distribution methods, which one is best identified as being that which occurs when a company delivers and sells products straight to the final customer? Select correct option: Independent wholesalers Direct distribution Company-owned distributors Retail distributors