Test Bank For Business Foundations A Changing World 13e O. C. Ferrell, Geoffrey Hirt and Linda Ferrell
Chapter 1-16 with Bonus chapter and Appendix Answers are at the End of Each Chapter Chapter 1 Student name:__________ 1) When you pay for your clothes to be dry cleaned or to receive a massage at the spa, you are
not receiving a product in return for your purchase. ⊚ true ⊚ false
2) The issuance of stocks and bonds is a marketing activity for a company. ⊚ true ⊚ false
3) The focus of all marketing activities is the successful transformation of resources into goods
and services. ⊚ true ⊚ false
4) Learning about business can help you become a well-informed consumer and member of
society. ⊚ true ⊚ false
5) All economic systems must address three important issues, one of which is how the goods
and services will be produced. ⊚ true ⊚ false