Podcast
Questions and Answers
Management is solely about making decisions.
Management is solely about making decisions.
False
The Functions of Marketing are referred to as the 3Ps.
The Functions of Marketing are referred to as the 3Ps.
False
Studying business is not essential for developing skills for career success.
Studying business is not essential for developing skills for career success.
False
Entrepreneurs do not face any risk or uncertainty in their pursuit of profit.
Entrepreneurs do not face any risk or uncertainty in their pursuit of profit.
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An entrepreneur is characterized by being passive and avoiding responsibilities.
An entrepreneur is characterized by being passive and avoiding responsibilities.
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A business exists solely to provide goods and services without any regard for profit.
A business exists solely to provide goods and services without any regard for profit.
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Human resources is responsible for recruiting, hiring, training, developing, and supporting employees.
Human resources is responsible for recruiting, hiring, training, developing, and supporting employees.
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Standard of living is a measure of how well a person or family is doing in terms of satisfying needs and wants with goods and services.
Standard of living is a measure of how well a person or family is doing in terms of satisfying needs and wants with goods and services.
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Marketing focuses on identifying the major functional areas in a business.
Marketing focuses on identifying the major functional areas in a business.
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Finance and accounting are responsible for ensuring that a company has the funds it needs to operate.
Finance and accounting are responsible for ensuring that a company has the funds it needs to operate.
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Management is not involved in motivating employees toward business goals.
Management is not involved in motivating employees toward business goals.
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Service is an intangible product such as cars and clothing.
Service is an intangible product such as cars and clothing.
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