Event producers or sports teams acquire sponsors to offset the costs of providing the event. (True or false?)

Event producers or sports teams acquire sponsors to offset the costs of providing the event.
 a. True
  b. False
 Indicate whether the statement is true or false

Question 2

_____ include(s) the materials required to pack and ship final products, such as pallets, boxes, master shipping containers, tape, bags, wrapping, inserts, and other packaging material.
 a. Raw materials
 b. Production support items
 c. Semifinished products
 d. Components
 e. Work-in-process inventory

Question 3

A promotional plan may involve associating a business or product with an event, such as the Olympics or a local charity event.
 a. True
  b. False
 Indicate whether the statement is true or false

Question 4

_____ include anything that does not go directly into an organization's product.
 a. MRO items
 b. Raw materials
 c. Production support items
 d. Services
 e. Semifinished products and components

Question 5

Sponsorship plays a minor role in professional athletics.
 a. True
  b. False
 Indicate whether the statement is true or false

Question 6

Suppliers are more often being paid through _____, which is the automatic transfer of payment from the buyer's bank account to the supplier's bank account.
 a. RFQ
 b. EFT
 c. MRO
 d. PO
 e. None of the above.

Question 7

An example of social networking is when a sales associate in a small, independent music store recommends a new recording that a customer might enjoy.
 a. True
  b. False
 Indicate whether the statement is true or false

Question 8

A key characteristic of a/an _____ is a lack of processing by the supplier into a newly formed product.
 a. component
 b. semifinished product
  c. finished good
 d. MRO item
 e. raw material

Question 9

A qualitative measurement provides information in terms of numbers or percentages.
 a. True
  b. False
 Indicate whether the statement is true or false

Question 10

The _____ purchase category includes such items are petroleum, coal, lumber, and metals such as copper and zinc.
 a. semifinished products and components
  b. finished products
 c. MRO items
 d. raw materials
 e. capital equipment

Question 11

Data must be collected and analyzed to determine if the promotional plan has been successful.
 a. True
  b. False
 Indicate whether the statement is true or false