Entr.

Front

Which of the following statements is true of legally binding contracts:
They are not valid unless written.
They are enforceable for legal and illegal acts.
Breaking one results in a lawsuit and possibly jail time.
They clearly outline both sides of an agreement.

Back

They clearly outline both sides of an agreement.

Front

What type of business ownership is recommended for John, who wants to limit his liability and does not have time to participate in day-to-day operations? Options: Close corporation, Open corporation, Sole proprietorship, General partnership

Back

General partnership

Front

Why should partnerships develop a formal written agreement?

Back

To prevent future problems

Front

Torts relating to misrepresented facts about a business's goods or services may be subject to a lawsuit on the basis of

Back

defamation.

Front

Channel members add value to a product by

Back

performing certain channel activities expertly.

Front

Which of the following is an example of an industrial user: A family buying weekly groceries, A construction company buying wood, A college student buying school supplies, An individual purchasing toothpaste

Back

A construction company buying wood

Front

A manufacturer of dishwashing soap has just invented a new type of soap that cleans better. The manufacturer should choose to distribute the soap through _________ distribution.

Back

exclusive

Front

When responding to an official request for a formally solicited project, the writer creating the proposal should

Back

follow directions in the request for proposal document.

Front

What is an important aspect of fulfilling a company's brand promise?

Back

To use touchpoints to create positive customer experiences

Front

Government protects consumers by establishing rules to generate competition.

Back

rules to generate competition.