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8/12/24, 3:36 2021 State Marketing Cluster Exam Flashcards |AM Quizlet
Social Science Business
2021 State Marketing Cluster Exam
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Terms in this set (25)
A type of business ownership in which one Limited partnership. In a limited partnership, one or more partners has limited liability
or more of the owners does not have full in terms of the amount of financial responsibility or the amount of involvement in the
liability is called a (2, CM) business
What effect does the technology of digital Improves cash flow. For many businesses, the distribution function is expensive
money have on the distribution function? (4, to operate because it involves storing, processing, and transporting products.
CM)
Which of the following is a factor that would Easy access to natural resources. Many factors affect businesses' location
encourage businesses to start a business at choices. Having easy access to natural resources would encourage a business to
a particular location: (17, EC) open in a specific location.
Personal injury. Liability insurance protects a business against damage suits filed by
What commonly insured risk would be
employees or customers as the result of any personal injuries that might occur on
covered by liability insurance? (18, EC)
the business's property.
The authorized distributor's sales and profits are reduced. Gray markets occur when
How does the participation in gray-market
imported goods are sold by other than authorized intermediaries. In most cases, the
distribution strategies affect distribution
goods are sold to customers for a great deal less than if purchased through authorized
channel members? (21, CM)
distribution channels.
Fair people try not to let biases affect decision-making. You may try your hardest not
Which of the following is a true statement
to believe stereotypes or act in a biased manner, but unfortunately, everyone is guilty
regarding biases: (25, EI)
of
allowing bias to creep in at one point or another.
Mark always feels alert in the morning, but Schedule an important meeting at 10 a.m. One way to manage commitments is to find
he finds himself falling asleep after his lunch your productive time. When you figure out which time of day is most productive, you
break. Mark should... (27, EI) can use that time wisely.
Working capital management. An organization's finance function is responsible for
Talia manages a business's accounts
managing the business's working capital and making capital investment decisions
payable, accounts receivable, inventory, and
for
cash.
the company. Working capital is the difference between a business's current assets
Talia is responsible for (36, FI)
and current liabilities.
2021 State Marketing Cluster Exam
https://quizlet.com/642754881/2021-state-marketing-cluster- 1
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