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 Business Awareness Questions

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Q:

What is the main motive behind dealer incentives?

A) encouraging the maximum number of sales of the manufacturers products B) to maintain a permanent deal
C) maintaining good dealer-manufacturer relationships D) ensuring that the customer gets the best possible deal
 
Answer & Explanation Answer: A) encouraging the maximum number of sales of the manufacturers products

Explanation:

The main motive behind dealer incentives is to give the products at some low price for the dealers who take the products in bulk and maintain good selling of these products.

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Q:

The task of any business is to deliver _ at a profit.

A) Customer value B) Improved quality
C) Customer needs D) Products and services
 
Answer & Explanation Answer: A) Customer value

Explanation:

The task of any business is to deliver Customer value at a profit.

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8 1453
Q:

A business organized as a corporation 

A) Is owned by its stockholders B) Has tax advantages over a proprietorship or partnership
C) Is not a separate legal entity in most states D) Requires that stockholders be personally liable for the debts of the business
 
Answer & Explanation Answer: A) Is owned by its stockholders

Explanation:

A business organized as a corporation is owned by its stockholders.

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Q:

Other things equal an improvement in productivity will

A) shift the aggregate demand curve to the left B) shift the aggregate supply curve to the right
C) increase the equilibrium price level D) shift the aggregate supply curve to the left
 
Answer & Explanation Answer: B) shift the aggregate supply curve to the right

Explanation:
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4 1402
Q:

Which of these is an example of a labor law?

A) A town zones an area for residential buildings only B) A restriction on when a union may call a strike
C) A surplus of supply D) All of the above
 
Answer & Explanation Answer: B) A restriction on when a union may call a strike

Explanation:
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6 1360
Q:

Which phase of DMAIC is designed to insure that the problem does NOT reoccur and that the new processes can be further improved over time?

A) Design B) Control
C) Analyze D) Improve
 
Answer & Explanation Answer: B) Control

Explanation:

DMAIC refers to define, measure, analyze, improve, control phases.

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5 1319
Q:

An example of an on premise establishment is

A) A local pub B) A restaurant that sells mixed drinks
C) Both A & B D) None of the above
 
Answer & Explanation Answer: C) Both A & B

Explanation:
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Q:

Effective sales management begins with

A) designing a compensation plan B) determining sales goals
C) determining the most efficient structure for the sales force D) specifying the sales force size
 
Answer & Explanation Answer: B) determining sales goals

Explanation:

Effective sales management begins with determining sales goals. Effective sales management stems from a success-oriented sales force that accomplishes its mission economically and efficiently.

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