MGT 101 Ch 1-5 (Exam 1) ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
____ is the primary goal of business. B. profit
A. charity
B. profit
C. bureaucracy
D. quality
E. strategy
All the groups that have an interest in an organization's B. stakeholders
success and outcomes are known as the organization's
____.
A. agencies
B. stakeholders
C. owners
D. investors
E. shareholders
Advertising, personal selling, coupons, and sweepstakes B. promotion
are forms of the _ aspect of marketing activities.
A. finance
B. promotion
C. production
D. fund raising
E. social responsibility
, _____ refers to all activities concerned with obtaining and E. finance
managing money and using it effectively.
A. public relations
B. marketing
C. production
D. advertising
E. finance
____ relates to the number of goods and services that A. demand
consumers are willing to buy at different prices at a
specific time
A. demand
B. supply
C. elasticity
D. balance of payments
E. deficit
Economic expansion occurs when: B. an economy is growing and people are spending more money
A. fewer goods and services are produced than
consumer demand
B. an economy is growing and people are spending more
money
C. a nation's standard of living drops dramatically
D. employment levels decline over time
E. prices begin to rise and incomes begin to fall
Which of the following is an example of an intangible D. a music concert
product?
A. a movie dvd
B. a sandwich
C. a sports care
D. a music concert
E. jewelry
____ is the study of how resources are distributed for the E. economics
production of goods and services within a social system.
A. public relations
B. sociology
C. demographics
D. psychographics
E. economics
A firm's ____ resources are also known as labor. B. human
A. economic
B. human
C. intangible
D. financial
E. natural
____ is the primary goal of business. B. profit
A. charity
B. profit
C. bureaucracy
D. quality
E. strategy
All the groups that have an interest in an organization's B. stakeholders
success and outcomes are known as the organization's
____.
A. agencies
B. stakeholders
C. owners
D. investors
E. shareholders
Advertising, personal selling, coupons, and sweepstakes B. promotion
are forms of the _ aspect of marketing activities.
A. finance
B. promotion
C. production
D. fund raising
E. social responsibility
, _____ refers to all activities concerned with obtaining and E. finance
managing money and using it effectively.
A. public relations
B. marketing
C. production
D. advertising
E. finance
____ relates to the number of goods and services that A. demand
consumers are willing to buy at different prices at a
specific time
A. demand
B. supply
C. elasticity
D. balance of payments
E. deficit
Economic expansion occurs when: B. an economy is growing and people are spending more money
A. fewer goods and services are produced than
consumer demand
B. an economy is growing and people are spending more
money
C. a nation's standard of living drops dramatically
D. employment levels decline over time
E. prices begin to rise and incomes begin to fall
Which of the following is an example of an intangible D. a music concert
product?
A. a movie dvd
B. a sandwich
C. a sports care
D. a music concert
E. jewelry
____ is the study of how resources are distributed for the E. economics
production of goods and services within a social system.
A. public relations
B. sociology
C. demographics
D. psychographics
E. economics
A firm's ____ resources are also known as labor. B. human
A. economic
B. human
C. intangible
D. financial
E. natural
