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EOPA STUDY GUIDE NEWEST 2024 ACTUAL EXAM COMPLETE 115 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ $14.49   Add to cart
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EOPA STUDY GUIDE NEWEST 2024 ACTUAL EXAM COMPLETE 115 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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EOPA STUDY GUIDE NEWEST 2024 ACTUAL EXAM COMPLETE 115 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

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  • August 18, 2024
  • 39
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • eopa study guide newest 2024 actual exam complete
  • 1 which of the following terms describes a minor
  • 2 what type of corporation may be owned by just a
  • 3 which of the following is a true statement abou

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  • EOPA
  • EOPA

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EOPA STUDY GUIDE NEWEST 2024 ACTUAL
EXAM COMPLETE 115 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+

1. 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 - 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 - 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. -
ANSWER✔✔ D) Marketers approach B2B marketing differently than consumer
marketing


4. Which of the following is an example of corporate responsibility:


A. A company hires minority employees.
B. A company expands its facilities.
C. A company uses recycled materials in its products.

D. A company pays its taxes on time. - ANSWER✔✔ C) A company used recycled
materials in its products


5. Business A spends less on advertising than Business B. Both businesses sell the
same products, but Business B charges higher prices than Business A. Which of
the following factors has affected the prices of the business:


A. Place
B. Supply
C. Product

D. Promotion - ANSWER✔✔ D) Promotion


6. Providing marketing information is an important channel activity. Businesses
rely on marketing information to determine

,A. how intermediaries are performing.
B. their target markets' needs and wants.
C. how much to charge for their products.

D. what to name their products. - ANSWER✔✔ B) Their target markets' needs and
wants


7. Labor-union negotiations are part of which HR management activity?


A. Staffing
B. Compensation and benefits
C. Training and development

D. Employee relations - ANSWER✔✔ D) Employee relations


8. The development of goods and services that best satisfy consumer needs and
wants is a major goal of


A. financing.
B. purchasing.
C. product/service management.

D. marketing-information management. - ANSWER✔✔ C) Product/ service
management


9. Determining the group of customers that will be the main target for a
company's goods/services is done through

, A. market strategy.
B. market segmentation.
C. a policy statement.

D. consumer behavior research. - ANSWER✔✔ B) Market segmentation


10. How do producers benefit from the exchanges that result from marketing?


A. By gaining repeat business
B. By controlling their costs
C. By obtaining unlimited resources

D. By increasing charitable contributions - ANSWER✔✔ A) By gaining repeat
business


11. Which of the following categories of information are found on a balance
sheet:


A. Assets, liabilities, owner's equity
B. Income, expenditures, profit
C. Assets, liabilities, margin

D. Revenues, expenses, profit - ANSWER✔✔ A) Assets, liabilities, owner's equity


12. Using the cash accounting method, determine the amount of sales that a
business would record for one day if it makes $2,300 in cash sales, has COD sales
of $450, and places a $300 special order.

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