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Economics Mcqs

The ………. is a person within a reference group who because of special skills knowledge personality or other characteristics exerts influence on others ?

A. facilitator
B. referent actor
C. opinion leader
D. social role player

Categories Economics Mcqs, Markets, Efficiency And The Public Interest Leave a comment

The basic components of the state include ALL BUT WHICH of the following ?

A. Territory
B. Population
C. Armed services
D. Sovereignty

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Concerns that the manufactures of harmful products such as tobacco have influence on lawmakers to the detriment of the public interest is used as evidence of which criticism of marketing ?

A. Too much advertising
B. Too few social goods
C. Cultural pollution
D. Too much political power

Categories Economics Mcqs, Markets, Efficiency And The Public Interest Leave a comment

Charismatic leaders……………?

A. appear only in traditional societies
B. may appear in societies with either a traditional or a legal-rational base of authority
C. establish a stable social organization
D. are only characteristic of theocracies

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In terms of execution style a family seated at the dinner table enjoying the advertised product would be an example of which of the following types of advertising ?

A. Slice of life
B. Lifestyle
C. Mood or imagery
D. Personality symbol

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The oldest form of power rests on……………?

A. rational-legal authority
B. charismatic authority
C. traditional authority
D. the authority of force

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……….. have contractual authority to sell a manufacturer’s entire output?

A. Selling agents
B. Rack jobbers
C. Manufacturer’s agents
D. Purchasing agents

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In essence people need government because…………….?

A. they live in groups and need a degree of order
B. of their competitive nature
C. they have not reached a sufficient amount of civilization to exist without it
D. brute force is not sufficient keep them in line

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More and more salespeople are being evaluated and compensated based on different measures than in the past. All of the following are illustrations of those measures EXCEPT ?

A. long term customer sanctification
B. competitive predatory pricing performance
C. full customer service
D. retention rates

Categories Economics Mcqs, Markets, Efficiency And The Public Interest Leave a comment

Political power……………?

A. appears only in capitalistic societies
B. is power exercised by the state through its government
C. characterizes all dictatorships
D. belongs to a ruler in democratic regimes

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