Archives: Quiz
978-0538496902 Test Bank Chapter 20
Chapter 20: Wills, Trusts, and Estates 1. Those who die without a valid will are said to have died testate. 2. A will is a legal expression by which a person directs how his or her property is to be […]
978-0538496902 Test Bank Chapter 2
Chapter 2: Constitutional Rights 1. The Declaration of Independence was adopted on July 4, 1776, by delegates of the 13 original colonies meeting in Philadelphia. 2. A regulation made by a federal agency does not have the same effect as […]
978-0538496902 Test Bank Chapter 19
Chapter 19: Insurance Law 1. The insurer agrees to pay the insured for loss suffered by the beneficiary. 2. Standard policy and forms of fire insurance may be modified by an insurable interest. FALSE 3. Most life insurance policies contain […]
978-0538496902 Test Bank Chapter 18
Chapter 18: Ownership and Leasing of Real Property 1. The riparian rights system and the prior appropriation system are used for regulating water rights. 2. Fixtures installed by a residential tenant will not become the property of the landlord at […]
978-0538496902 Test Bank Chapter 17
Chapter 17: Bailments 1. If you lend a pen to a fellow student you have created a bailment. 2. The subject of the bailment must be real property. FALSE 3. Actual bailments and constructive bailments are two ways to transfer […]
978-0538496902 Test Bank Chapter 16
Chapter 16: Property and Its Acquisition 1. Property can be classified as either real or personal. 2. A fixed, original expression of a creative work can be protected by a trademark. FALSE 3. A unique word, mark, or symbol identifying […]
978-0538496902 Test Bank Chapter 15
Chapter 15: Consumer Protection 1. A breach of warranty is not a breach of contract. 2. New drugs cannot be marketed in this country without FDA approval. TRUE 3. Caveat emptor means “let the seller beware.” FALSE 4. If a […]
978-0538496902 Test Bank Chapter 14
Chapter 14: Ownership and Risk of Loss in Sales 1. Any person who innocently buys stolen goods from a thief receives title as well as possession. 2. For ownership of goods to be transferred in a sale, the goods must […]
978-0538496902 Test Bank Chapter 13
Chapter 13: Sales Contracts 1. A contract in which ownership of (title to) goods transfers immediately from the seller to the buyer for a price is a contract to sell. 2. When parties exchange goods for goods, the sale is […]
978-0538496902 Test Bank Chapter 12
Chapter 12: Contractual Aspects of Marriage and Divorce 1. Along with minimum ages for marriage with or without parental permission, some states have laws specifying a minimum age for dating. 2. No law exists that forces the parents of an […]
978-0538496902 Test Bank Chapter 11
Chapter 11: Contractual Obligations and Their Enforcement 1. If a contractual right is transferred, this does not change the legal rights of the other party to the contract. 2. No consideration is necessary to make a valid assignment. TRUE 3. […]
978-0538496902 Test Bank Chapter 10
Chapter 10: Legal Purpose and Proper Form 1. A gambling agreement on the uncertain outcome of an event is termed a wager. 2. If no interest rate is specified in a loan agreement, the “legal rate of interest” as defined […]
978-0538496902 Test Bank Chapter 1
Chapter 1: Laws and Their Ethical Foundation 1. Our law codes today are similar to those of civilizations thousands of years old. 2. A group of laws put together in an organized form is called a statute. FALSE 3. The […]
978-1305631823 Test Bank Chapter 9
Name: Class: Date: chapter 9 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Marketing research helps managers gauge the perceived value of their goods and services, as well as the level […]
978-1305631823 Test Bank Chapter 8
Name: Class: Date: chapter 8 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Dynamic segmentation approaches adjust to fit the changes that occur in customers’ lives. a. True b. False 2. […]
978-1305631823 Test Bank Chapter 7
Name: Class: Date: chapter 7 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Ethics refers to a firm’s belief that an ongoing relationship with another firm is so important that it […]
978-1305631823 Test Bank Chapter 6
Name: Class: Date: chapter 6 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Consumers can be influenced by reference groups only if they belong to those groups. a. True b. False […]
978-1305631823 Test Bank Chapter 5
Name: Class: Date: chapter 5 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Opening an e-commerce site on the Internet makes it difficult for a company to gain recognition in the […]
978-1305631823 Test Bank Chapter 4
Name: Class: Date: chapter 4 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. A person’s purchasing power is usually referred to as disposable income. a. True b. False 2. Asian Americans, […]
978-1305631823 Test Bank Chapter 3
Name: Class: Date: chapter 3 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Cause-related marketing is a marketing relationship based on a straight donation. a. True b. False 2. Morals are […]
978-1305631823 Test Bank Chapter 2
Name: Class: Date: chapter 2 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. A firm’s assets are functions—such as customer service and promotions—that the firm performs better than its competitors. a. […]
978-1305631823 Test Bank Chapter 19
Name: Class: Date: chapter 19 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. As products enter the growth stage of the product life cycle, prices generally begin to stabilize. a. True […]
978-1305631823 Test Bank Chapter 18
Name: Class: Date: chapter 18 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. According to Charlene Li and Josh Bernoff of Forrester Research, inactives are people who read blogs, listen to […]
978-1305631823 Test Bank Chapter 17
Name: Class: Date: chapter 17 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Personal selling is especially needed for complex or new goods and services. a. True b. False 2. Unlike […]
978-1305631823 Test Bank Chapter 16
Name: Class: Date: chapter 16 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. In the context of campaign evaluation, testing ad effectiveness can be done only after the advertising campaign is […]
978-1305631823 Test Bank Chapter 15
Name: Class: Date: chapter 15 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Earned media is a category of promotional tactic based on a public relations or publicity model that gets […]
978-1305631823 Test Bank Chapter 14
Name: Class: Date: chapter 14 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Will, a sales person at a superstore, mistakenly provides wrong information to a customer about the location of […]
978-1305631823 Test Bank Chapter 13
Name: Class: Date: chapter 13 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Supply chain management gives assembly line employees total visibility and control of the materials, processes, money, and finished […]
978-1305631823 Test Bank Chapter 12
Name: Class: Date: chapter 12 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. The first step toward success in the global marketplace for a nonprofit service firm is to determine the […]
978-1305631823 Test Bank Chapter 11
Name: Class: Date: chapter 11 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. Many new product ideas are necessary to produce one successful new product. a. True b. False 2. The […]
978-1305631823 Test Bank Chapter 10
Name: Class: Date: chapter 10 Copyright Cengage Learning. Powered by Cognero. Page 1 Indicate whether the statement is true or false. 1. An organization’s product mix includes all of the products it sells. a. True b. False 2. Each product […]
978-1305631823 Test Bank Chapter 1
Name: Class: Date: chapter 1 Copyright Cengage Learning. Powered by Cognero. Page 1 1. A market-oriented organization targets its products at “everybody” or “the average customer.” a. True b. False 2. The sales orientation extends the marketing concept by acknowledging […]
978-1337099745 Test Bank Chapter 9
Chapter 09: Mortgage Markets Copyright Cengage Learning. Powered by Cognero. Page 1 1. Mortgage-backed securities are commonly contained within collateralized debt obligations. a. True b. False ANSWER: a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: FMAI.MADU.15.09.04 NATIONAL STANDARDS: United States – […]
978-1337099745 Test Bank Chapter 8
Chapter 08: Bond Valuation and Risk Copyright Cengage Learning. Powered by Cognero. Page 1 1. a. bond’s coupon rate. b. bond’s coupon rate adjusted for the expected inflation rate over the life of the bond. c. Treasury bill rate with […]
978-1337099745 Test Bank Chapter 7 Part 2
Chapter 07: Bond Markets Copyright Cengage Learning. Powered by Cognero. Page 13 a. True b. False ANSWER: a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: FMAI.MADU.15.07.04 NATIONAL STANDARDS: United States – BUSPROG.FMAI.MADU.15.03 STATE STANDARDS: United States – OH – DISC.FMAI.MADU.15.02 KEYWORDS: […]
978-1337099745 Test Bank Chapter 7 Part 1
Chapter 07: Bond Markets Copyright Cengage Learning. Powered by Cognero. Page 1 1. ____ require the owner to clip coupons attached to the bonds and send them to the issuer to receive coupon payments. a. Bearer b. Registered c. Treasury […]
978-1337099745 Test Bank Chapter 6 Part 2
Chapter 06: Money Markets Copyright Cengage Learning. Powered by Cognero. Page 12 37. When an investor purchases a six-month (182-day) T-bill with a $10,000 par value for $9,700, the Treasury bill discount is ____ percent. a. 5.93 b. 6.12 c. […]
978-1337099745 Test Bank Chapter 6 Part 1
Chapter 06: Money Markets Copyright Cengage Learning. Powered by Cognero. Page 1 1. Securities with maturities of one year or less are classified as a. capital market instruments. b. money market instruments. c. preferred stock. d. none of the above […]
978-1337099745 Test Bank Chapter 5
Chapter 05: Monetary Policy Copyright Cengage Learning. Powered by Cognero. Page 1 1. The Fed can affect the interaction between the demand for money and the supply of money to influence interest rates, the aggregate level of spending, and therefore […]
978-1337099745 Test Bank Chapter 4
Chapter 04: Functions of the Fed Copyright Cengage Learning. Powered by Cognero. Page 1 1. Which of the following is not a major component of the Federal Reserve System? a. member banks b. Federal Open Market Committee c. Securities and […]
978-1337099745 Test Bank Chapter 3 Part 2
Chapter 03: Structure of Interest Rates Copyright Cengage Learning. Powered by Cognero. Page 13 b. nonexistent. c. the same as the United States at any point in time. d. none of the above ANSWER: d POINTS: 1 DIFFICULTY: Easy LEARNING […]
978-1337099745 Test Bank Chapter 3 Part 1
Chapter 03: Structure of Interest Rates Copyright Cengage Learning. Powered by Cognero. Page 1 1. In general, securities with ____ characteristics will offer ____ yields. a. favorable; higher b. favorable; lower c. unfavorable; lower d. none of the above ANSWER: […]
978-1337099745 Test Bank Chapter 26
Chapter 26: Pension Fund Operations Copyright Cengage Learning. Powered by Cognero. Page 1 1. Pension funds whose contributions are dictated by the benefits that will eventually be provided are called ____ plans. a. defined-benefit b. defined-contribution c. beneficiary d. guarantor-insured […]
978-1337099745 Test Bank Chapter 25
Chapter 25: Insurance Operations Copyright Cengage Learning. Powered by Cognero. Page 1 1. Which of the following statements is incorrect? a. Insurance provides a payment to the insured under conditions specified by the insurance policy contract. b. Individuals who are […]
978-1337099745 Test Bank Chapter 24
Chapter 24: Securities Operations Copyright Cengage Learning. Powered by Cognero. Page 1 1. Which of the following is not a service that is commonly performed by a securities firm? a. setting regulatory rules for stock exchanges b. origination c. underwriting […]
978-1337099745 Test Bank Chapter 23 Part 2
Chapter 23: Mutual Fund Operations Copyright Cengage Learning. Powered by Cognero. Page 15 50. Which of the following statements is incorrect? a. ETFs are like index mutual funds in that the share price adjusts over time in response to changes […]
978-1337099745 Test Bank Chapter 23 Part 1
Chapter 23: Mutual Fund Operations Copyright Cengage Learning. Powered by Cognero. Page 1 1. Which of the following statements is incorrect? a. Mutual funds serve as a key financial intermediary. b. Managers of mutual funds do not analyze economic and […]
978-1337099745 Test Bank Chapter 22
Chapter 22: Finance Company Operations Copyright Cengage Learning. Powered by Cognero. Page 1 1. ____ finance companies concentrate on purchasing credit contracts from retailers and dealers. a. Consumer b. Sales c. Commercial d. None of the above ANSWER: a POINTS: […]
978-1337099745 Test Bank Chapter 21
Chapter 21: Thrift Operations Copyright Cengage Learning. Powered by Cognero. Page 1 1. ____ savings institutions hold the most assets in aggregate. a. Stock-owned b. Mutual c. Closely held d. Privatized ANSWER: a DIFFICULTY: Easy LEARNING OBJECTIVES: FMAI.MADU.15.21.01 NATIONAL STANDARDS: […]
978-1337099745 Test Bank Chapter 20
Chapter 20: Bank Performance Copyright Cengage Learning. Powered by Cognero. Page 1 1. Even if other external forces (such as interest rates) are unchanged, a commercial bank’s expected cash flows can change in response to a change in its management […]