True/False

1.The majority of FICO scores fall into the 700900 range.

2. A defined benefit plan allows a specified amount of pretax dollars to be used to pay for qualified expenses, including health care and childcare.

3. It is required by law that employer-sponsored health insurance plans cover the employee, the employees spouse and their children.

4. Demographic segmentation divides a market into groups based on such criteria as values, interests, opinions, and lifestyles.

5. Prestige pricing sets prices artificially high to foster the impression of a high-quality product.

6.The customer value triad consists of three factors: quality, service, and availability.

7. Checking accounts that pay given sums to payees are called order deposits.

8. M-2 is a measure of the money supply that includes everything in M-1 plus near-cash.

9. The rate that banks charge their best customers is called the maturity rate.

10. The rate that banks charge their best customers is called the maturity rate.

11. A product is something that can be marketed to customers because it provides them with a benefit and satisfies a need.

12. When you buy a product and get a receipt, you are receiving a form of ownership utility.

13. If your proposed business was a frozen yogurt store in Michigan, you could get an estimate of the number of customers you might have if you asked those leaving a bakery in California if theyd buy frozen yogurt in the winter.

14. Its statement of cash flows tells a business only where its cash was spent.

15. Your balance sheet shows what your sales and expenses are.

16. A current loan is due in two years.

17. After calculating your capacity requirements, youre ready to determine how much investment youll need to make in your plant and equipment.

18. The control process starts when operations managers decide not only which goods and how many will be produced, but when.

19. In producing large items, manufacturers may use fixed-position layouts in which workers go to products that stay in one place.

20. Inventory control is a method used to ensure that no one steals a companys inventory.