In a Test of "Civic Literacy" Conducted in 2007,the Average

question 24

Multiple Choice

In a test of "civic literacy" conducted in 2007,the average college senior scored a grade of ________.

• A)A
• B)B
• C)C
• D)D
• E)F

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Definitions:

Transactional Function

The activities involved in transferring ownership and possession of goods from sellers to buyers, such as selling, buying, and risk bearing.

Distribution

The process of making a product or service available for consumption or use by a consumer or business user.

Risk Taking

The willingness to engage in behaviors that have the potential to be harmful or dangerous, yet also provide the opportunity for some kind of outcome that can be seen as positive.

Facilitating Functions

Activities that help in the smooth exchange of products and services between producers and consumers, such as financing, marketing information management, and logistics.