Which of the Following Statements About Contests and Sweepstakes Is

question 158

Multiple Choice

Which of the following statements about contests and sweepstakes is true?

• A) Contests depend on luck,and participation is free.
• B) Contests are generally effective tools for creating long-term relationships with customers.
• C) Sweepstakes are promotions that require participants to exhibit some skill.
• D) Sweepstakes usually draw about ten times more participants than contests.
• E) Contests and sweepstakes are not useful for creating interest and publicity.

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Definitions:

Personal Fortune

A person's net worth comprised of assets, cash, and investments minus any liabilities.

Insurance

A contractual agreement where one party agrees to compensate another party for specific losses or damages in exchange for a premium.

Partnership

A business organization where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Joint Activity

A collaborative effort or project involving two or more parties working together towards a common goal.