Business

Business Factoids!

Business Factoids!

A large part of this website is dedicated to helping business students with their homework, but there isn't a single topic dedicated to business facts. Let's change that by making this topic dedicated to interesting business factoids!

minty_icy   202   2 Replies

Anonymous

What is your estimate of the mean and standard deviation of the sampling distribution?

What is your estimate of the mean and standard deviation of the sampling distribution?

Using samples of 194 credit card statements, an auditor found the following:
 
  Sample:                   1      2      3      4
  Numb

jgosset2   527   6 Replies

5 / 5

surprise111

Tge differents between absolute and comparative advantages

Tge differents between absolute and comparative advantages

The different between absolute and comparative advantages is that absolute advantages is relative to.........., while comparative advantages is relative to..........
A) dissimilar products; similar products
B) other nations; activity insid

Nashu   36   1 Reply

bolbol

What is purpose of tariffs on imports

What is purpose of tariffs on imports

What is the purpose of tariffs on imports
a) promoting free trade
b) maintaining domestic competitive
c) increasing imports
d) decreasing exports
e) subsidizing domestic industry

Nashu   46   3 Replies

bio_man

The probability that the project will require more than 49 weeks? How do you do b. and c.? Part a ...

The probability that the project will require more than 49 weeks? How do you do b. and c.? Part a ...

The following precedence diagram reflects three time estimates for each activity. Determine:

Path     to-tm-tp
1-2         8-8-8
2-3      11-12-13
2-4        

jgosset2   1349   7 Replies

hwanghaes

71. In-store shopping has become extremely important in today’s highly competitive retail ...

71. In-store shopping has become extremely important in today’s highly competitive retail ...

71. In-store shopping has become extremely important in today’s highly competitive retail
environment. It has been estimated that about ________ of supermarket purchases are
decided in the aisles as consumers shop.
a. one-quarter

abrah25   34   1 Reply

bio_man

72. One of the most important in-store factors is the salesperson. This influence can be understood

72. One of the most important in-store factors is the salesperson. This influence can be understood

72. One of the most important in-store factors is the salesperson. This influence can be
understood in terms of ________ , which stresses that each participant gives something
to the other and hopes to receive something in return.
a. s

abrah25   32   1 Reply

bio_man

73. The steps that consumers practice to gradually distance themselves from things they treasure so

73. The steps that consumers practice to gradually distance themselves from things they treasure so

73. The steps that consumers practice to gradually distance themselves from things they treasure
so that they can sell, recycle, or dispose of them are called ________.
a. tangential cycles
b. lateral cycles
c. divestment rituals

abrah25   33   1 Reply

bio_man

74. Julie Morgan loves to go into Springer’s Old Country Gifts. It always smells like a field of ...

74. Julie Morgan loves to go into Springer’s Old Country Gifts. It always smells like a field of ...

74. Julie Morgan loves to go into Springer’s Old Country Gifts. It always smells like a field of
spring flowers. The lighting gives all the products a warm glow, and the mood music is just
perfect for casual browsing. After her visit to the

abrah25   36   1 Reply

bio_man

75. Mary Jo has been on a roll. She made straight “A’s” in school, was elected to the Student ...

75. Mary Jo has been on a roll. She made straight “A’s” in school, was elected to the Student ...

75. Mary Jo has been on a roll. She made straight “A’s” in school, was elected to the Student
Senate, found a new boyfriend, and discovered that she will be getting a new car in about
two weeks. Based on information found in the text, these

abrah25   33   1 Reply

bio_man

76. ________ buyers are people who purchase goods and services on behalf of companies for use in the

76. ________ buyers are people who purchase goods and services on behalf of companies for use in the

76. ________ buyers are people who purchase goods and services on behalf of companies for use
in the process of manufacturing, distribution, or resale.
a. Individual
b. Global
c. Consumer
d. Organizational

abrah25   36   1 Reply

bio_man

77. If a couple is responsible for raising two children and must also care in some way for their agi

77. If a couple is responsible for raising two children and must also care in some way for their agi

77. If a couple is responsible for raising two children and must also care in some way for their
aging parents, the couple is a member of the ________ generation.
a. boomerang
b. sandwich
c. laggard
d. backward boomer

abrah25   32   1 Reply

bio_man

78. ________ spend less than average on most products and services because their households are smal

78. ________ spend less than average on most products and services because their households are smal

78. ________ spend less than average on most products and services because their households
are small and their incomes are low.
a. Thirty-somethings
b. Seniors
c. Twenty-somethings
d. DINKS

abrah25   35   1 Reply

bio_man

79. Julie wants to go back to school. It will cost a lot of money and affect Jeff, her husband. They

79. Julie wants to go back to school. It will cost a lot of money and affect Jeff, her husband. They

79. Julie wants to go back to school. It will cost a lot of money and affect Jeff, her husband.
They sit down together and work out a plan that will allow Julie to finish her degree. This is
an example of a(n) ________ decision.
a. fam

abrah25   34   1 Reply

bio_man

80. Dale and Patty Johnson have been married for fifteen years. Dale works in a meat packing plant a

80. Dale and Patty Johnson have been married for fifteen years. Dale works in a meat packing plant a

80. Dale and Patty Johnson have been married for fifteen years. Dale works in a meat packing
plant and Patty works part time as a clerk in a fast-food restaurant. Who is most likely to be
the family financial officer?
a. Patty
b.

abrah25   32   1 Reply

bio_man

81. Which of the following is an example of a new kind of avoidance group that has grown in populari

81. Which of the following is an example of a new kind of avoidance group that has grown in populari

81. Which of the following is an example of a new kind of avoidance group that has grown in
popularity through the Web?
a. virtual worlds
b. antibrand communities
c. consumer tribes
d. virtual communities of consumption

abrah25   30   1 Reply

bio_man

82. The pressure to conform that escalates as more and more group members “cave in” is called ...

82. The pressure to conform that escalates as more and more group members “cave in” is called ...

82. The pressure to conform that escalates as more and more group members “cave in” is called
the ________ effect.
a. polarization
b. homophily
c. loafing
d. bandwagon

abrah25   32   1 Reply

bio_man

83. Recent research on opinion leadership has called into question the traditional view that there i

83. Recent research on opinion leadership has called into question the traditional view that there i

83. Recent research on opinion leadership has called into question the traditional view that there
is such a thing as a ________ opinion leader.
a. polymorphic
b. monomorphic
c. heterophilous
d. generalized

abrah25   30   1 Reply

bio_man

84. Product information that is transmitted by individuals to individuals is called ________. a. pro

84. Product information that is transmitted by individuals to individuals is called ________. a. pro

84. Product information that is transmitted by individuals to individuals is called ________.
a. product shuffle
b. independent analysis
c. word-of-mouth
d. reactance formation

abrah25   34   1 Reply

bio_man

85. Jeremy liked to gamble. He and his friends would travel several times a month to a local casino.

85. Jeremy liked to gamble. He and his friends would travel several times a month to a local casino.

85. Jeremy liked to gamble. He and his friends would travel several times a month to a local
casino. If Jeremy could not find someone to travel with, he would go by himself. He noticed
after a few months that he wagered more when he was wit

abrah25   34   1 Reply

bio_man

86. Social class is a strong predictor of purchases that have symbolic aspects, but low to moderate

86. Social class is a strong predictor of purchases that have symbolic aspects, but low to moderate

86. Social class is a strong predictor of purchases that have symbolic aspects, but low to
moderate prices. Which of the following is the best example of a product with those
characteristics?
a. cars
b. liquor
c. homes
d

abrah25   31   1 Reply

bio_man

87. When people are differentiated in terms of their aesthetic and intellectual preferences, a _____

87. When people are differentiated in terms of their aesthetic and intellectual preferences, a _____

87. When people are differentiated in terms of their aesthetic and intellectual preferences, a
________ concept is being applied.
a. taste culture
b. social cluster
c. consumption constellation
d. cultural code designation

abrah25   32   1 Reply

bio_man

88. Which of the following is NOT a reason cited by your text that marketers have failed to use soci

88. Which of the following is NOT a reason cited by your text that marketers have failed to use soci

88. Which of the following is NOT a reason cited by your text that marketers have failed to use
social class information as effectively as they could?
a. They have ignored the impact of technology on social class.
b. They have ignored

abrah25   28   1 Reply

bio_man

89. Psychologists use the term homogamy to describe “assortative mating.” Which of the following ...

89. Psychologists use the term homogamy to describe “assortative mating.” Which of the following ...

89. Psychologists use the term homogamy to describe “assortative mating.” Which of the
following phrases is the best illustration of homogamy?
a. Opposites attract.
b. Leave no stone unturned.
c. To the victor go the spoils.

abrah25   34   1 Reply

bio_man

90. According to the class structure outlined in the text, most business managers and university pro

90. According to the class structure outlined in the text, most business managers and university pro

90. According to the class structure outlined in the text, most business managers and university
professors would be in the ________ class.
a. working
b. upper-upper
c. upper-middle
d. middle

abrah25   38   1 Reply

bio_man

92. The lack of marketing information about religion is due to ________. a. religion being somewhat

92. The lack of marketing information about religion is due to ________. a. religion being somewhat

92. The lack of marketing information about religion is due to ________.
a. religion being somewhat of a taboo subject among researchers
b. traditional bigotry toward religion
c. the small number of people who are influenced in the mar

abrah25   34   1 Reply

bio_man

91. Which of the following distinguishes Asian Americans from other subcultures in the United States

91. Which of the following distinguishes Asian Americans from other subcultures in the United States

91. Which of the following distinguishes Asian Americans from other subcultures in the United
States?
a. Asian Americans have the distinction of having a common language that acts as a
unifying cultural agent.
b. Asian American ho

abrah25   32   1 Reply

bio_man

93. If you were a person born between 1946 and 1964, you would be called a ________. a. War Baby b.

93. If you were a person born between 1946 and 1964, you would be called a ________. a. War Baby b.

93. If you were a person born between 1946 and 1964, you would be called a ________.
a. War Baby
b. Baby Boomer
c. Baby Buster
d. Baby Boomlet

abrah25   36   1 Reply

bio_man

95. Members of which of the following age cohorts are part of today’s gray market? a. Generation X ...

95. Members of which of the following age cohorts are part of today’s gray market? a. Generation X ...

95. Members of which of the following age cohorts are part of today’s gray market?
a. Generation X
b. The War Baby Generation
c. Generation Z
d. Generation Y

abrah25   34   1 Reply

bio_man

97. Promoters attempt to have their products shown prominently in full-length films. This type of pr

97. Promoters attempt to have their products shown prominently in full-length films. This type of pr

97. Promoters attempt to have their products shown prominently in full-length films. This type of
promotion is referred to as ________.
a. desacralization
b. product placement
c. objectification
d. advertainment

abrah25   33   1 Reply

bio_man

96. Culture is best described as society’s ________. a. history b. attitude c. personality d. ...

96. Culture is best described as society’s ________. a. history b. attitude c. personality d. ...

96. Culture is best described as society’s ________.
a. history
b. attitude
c. personality
d. consciousness

abrah25   39   1 Reply

bio_man

98. A ________ innovation is a new product that creates major changes in the way we live. a. continu

98. A ________ innovation is a new product that creates major changes in the way we live. a. continu

98. A ________ innovation is a new product that creates major changes in the way we live.
a. continuous
b. discontinuous
c. globally continuous
d. dynamically continuous

abrah25   35   1 Reply

bio_man

99. A ________ is a very short-lived fashion. a. classic b. trend c. style d. fad

99. A ________ is a very short-lived fashion. a. classic b. trend c. style d. fad

99. A ________ is a very short-lived fashion.
a. classic
b. trend
c. style
d. fad

abrah25   33   1 Reply

bio_man

100. What is the primary difference between an innovator and an early adopter? a. Innovators are mor

100. What is the primary difference between an innovator and an early adopter? a. Innovators are mor

100. What is the primary difference between an innovator and an early adopter?
a. Innovators are more risk adverse than are early adopters.
b. Early adopters are much the same as innovators except they (as a group) have higher
average

abrah25   36   1 Reply

bio_man

1. In an online ________, members share opinions and recommendations about products. a. consumption

1. In an online ________, members share opinions and recommendations about products. a. consumption

1. In an online ________, members share opinions and recommendations about products.
a. consumption community
b. culture jam
c. marketing database
d. market segment

abrah25   28   1 Reply

bio_man

2. Wal-Mart tracks the habits of the 100 million customers who visit its stores each week and respon

2. Wal-Mart tracks the habits of the 100 million customers who visit its stores each week and respon

2. Wal-Mart tracks the habits of the 100 million customers who visit its stores each week and
responds with products and services directed toward those customers’ needs based on the
information collected. This is an example of ________ mark

abrah25   32   1 Reply

bio_man

3. The sociological perspective of ________ takes the view that much of consumer behavior resembles

3. The sociological perspective of ________ takes the view that much of consumer behavior resembles

3. The sociological perspective of ________ takes the view that much of consumer behavior
resembles actions in a play.
a. role theory
b. psychographics
c. interpretivism
d. pastiche

abrah25   33   1 Reply

bio_man

4. A basic biological motive is called a ________. a. need b. want c. demand d. response

4. A basic biological motive is called a ________. a. need b. want c. demand d. response

4. A basic biological motive is called a ________.
a. need
b. want
c. demand
d. response

abrah25   32   1 Reply

bio_man

5. The National Advertising Division of the Council of Better Business Bureaus is an example of a(n)

5. The National Advertising Division of the Council of Better Business Bureaus is an example of a(n)

5. The National Advertising Division of the Council of Better Business Bureaus is an example of
a(n) ________.
a. culture jammer
b. social marketer
c. federal agency
d. industry watchdog

abrah25   30   1 Reply

bio_man

6. Which of the following is NOT included in the “Declaration of Consumer Rights”? a. the right ...

6. Which of the following is NOT included in the “Declaration of Consumer Rights”? a. the right ...

6. Which of the following is NOT included in the “Declaration of Consumer Rights”?
a. the right to safety
b. the right to be guaranteed
c. the right to be informed
d. the right to choice

abrah25   34   1 Reply

bio_man