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Final Exam Study Guide

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1.
4 points
Fixed amount or percentage of an insurance claim that is the responsibility of the insured, and which the insurance company will deduct from the claim payment


2.
4 points
A fee paid for the use of another party's money. To the borrower it is the cost of renting money, to the lender the income from lending it


3.
4 points
Which is not a part of the Marketing Mix
4.
4 points
An itemized catalog or list of tangible goods or property


5.
4 points
Which is NOT one of the types of data that businesses commonly use to segment markets
6.
4 points
What are the 6 functions of business
7.
4 points
What is the main advantage that a Sole Proprietorship has over other types of business ownership?
8.
4 points
What is the process of obtaining goals, in business, by choosing the correct people and resources?
9.
4 points
Specific factors which identify and distinguish a target population or market.


10.
4 points
A written declaration of an organization's core purpose and focus that normally remains unchanged over time.


11.
4 points
A condensed statement that shows the financial position of an entity on a specified date (usually the last day of an accounting period).


12.
4 points
An aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.


13.
4 points
Risk-transfer mechanism that ensures full or partial financial compensation for the loss or damage caused by event(s) beyond the control of the insured party.


14.
4 points
What is the best Microsoft Application for creating a budget?
15.
4 points
What is the type of business that is owned by one person?
16.
4 points
The process of defining and subdividing a large homogenous market into clearly identifiable segments having similar needs, wants, or demand characteristics


17.
4 points
differences in the consumption behavior of different groups of consumers, taking into account their lifestyles, patterns of buying and using, patterns of spending money and time, and similar factors


18.
4 points
What is the type of business ownership, which has its own identity according to the law?
19.
4 points
A particular market segment at which a marketing campaign is focused


20.
4 points
Analysis of consumer lifestyles to create a detailed customer profile.


21.
4 points
Which Describes what a Hyperlink looks like when inserted into a word document.
22.
4 points
The identification, analysis, assessment, control, and avoidance, minimization, or elimination of unacceptable risks.


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