Pure tangible good - Study guides, Class notes & Summaries

What is a Business? An organization that strives for a profit by providing goods and services desired by its customers. Goods and Services Goods are tangible items such as cars, televisions, or soda. Services (action or work performed for monetary compensation) are haircuts, hotel stays, or roller-coaster rides Revenue, Cost and Profit Revenue is the money a company receives by providing services or selling goods to customers. Costs are expenses for rent, salari...

N.C. Claims Adjuster Exam (License) Questions and Answers with complete verified solutions 100% solutions Inception/Expiration Date - CORRECT ANS an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date - CORRECT ANS Date of which the loss occurred Identification of parties involved - CORRECT ANS The loss report should include the names and addresses of the parties involv...

Operations and Supply Management the Core 2nd Edition Test Bank Operations and Supply Management the Core 2nd Edition Test Bank c1 Student: 1. Which of the following is a reason for studying operations management (OSCM)? A. OSM is essential for understanding organizational behavior. B. Most business graduates do OSM work regardless of their job title. C. Concepts and tools of OSM are useful in other functions of business. D. OSM is a required course in all business degree pro...

Define Biology correct answer: The scientific study of life and living things What is Science? correct answer: The systematic search for truth through experimentation and observation When does science work best? correct answer: In the tangible world Why should you make sure that your RESEARCH QUESTION is clear and precise? correct answer: 1. so you don't repeat something that has already been done 2. to receive help What exactly is a hypothesis? correct answer: one of many poss...

CHAPTER 1: OPERATIONS AND PRODUCTIVITY TRUE/FALSE 1. Some of the operations-related activities of Hard Rock Café include designing meals and analyzing them for ingredient cost and labor requirements. True (Global company profile, easy) 2. The production process at Hard Rock Café is limited to meal preparation and serving customers. False (Global company profile, easy) 3. All organizations, including service firms such as banks and hospitals, have a production function. True (Wha...

Chapter 4—Price: The Role of Demand and Supply MULTIPLE CHOICE 1. 2. 3. 4. 5. 6. For demand to exist, there must be a. a desire and an ability to buy. b. a supply of the product in the market. c. a price that is low enough to permit all consumers to afford the product. d. All of these. ANS: A PTS: 1 DIF: Easy NAT: TOP: B-Head: Law of Demand KEY: Bloom's: Knowledge The demand for a product at a given time is defined as the a. desire for it. b. sum spent on it. c. measure of to...

Inception/Expiration Date (Ans- an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date (Ans- Date of which the loss occurred Identification of parties involved (Ans- The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witness(s). Policy Form/Num...

Chapter 4—Price: The Role of Demand and Supply MULTIPLE CHOICE 1. 2. 3. 4. 5. 6. For demand to exist, there must be a. a desire and an ability to buy. b. a supply of the product in the market. c. a price that is low enough to permit all consumers to afford the product. d. All of these. ANS: A PTS: 1 DIF: Easy NAT: TOP: B-Head: Law of Demand KEY: Bloom's: Knowledge The demand for a product at a given time is defined as the a. desire for it. b. sum spent on it. c. measure of to...

Inception/Expiration Date an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date Date of which the loss occurred Identification of parties involved The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witness(s). Policy Form/Number Iden...

Texas Insurance P&C License Exam Questions and Answers A Level What are 3 subjects an auto policy covers? - 1. Body 2. The vehicle 3. Assets Bodily Injury Types - Personal Injury Med Pay Uninsured Motorist No Fault Insurance - State stipulates that parties cannot file a claim to the other persons insurance policy unless required in excess. Instead, each party is required to file a primary claim against their own insurance regardless who is at fault. EX. Florida Financial Respo...