EOPA Study Guide with verified answers

EOPA Study Guide1. Which of the following terms describes a minor term in a contract for the sale of goods? a) warranty b) innominate term c) implied term d) condition - correct answer A) Warranty 2. What type of corporation may be owned by just a few people and does not offer its shares for sale to the general public? A. Private B. General C. Public D. Limited - correct answer A) Private 3. Which of the following is a true statement about B2B (business-to-business) marketing: A. B2B marketing strategies work well for consumer marketing, but consumer strategies don't work for B2B. B. Only specialty marketing firms undertake B2B marketing. C. B2B marketing is more difficult than consumer marketing. D. Marketers approach B2B marketing differently than consumer marketing. - correct answer D) Marketers approach B2B marketing differently than consumer marketing 4. Which of the following is an example of corporate responsibility: