Answers are at the End of Each Chapter Chapter 1 Student name:__________ 1) When you pay for your clothes to be dry cleaned or to receive a massage at the spa, you are not receiving a product in return for your purchase. ⊚ true ⊚ false 2) The issuance of stocks and bonds is a marketing activity for a company. ⊚ true ⊚ false 3) The focus of all marketing activities is the successful transformation of resources into goods and services. ⊚ true ⊚ false 4) Learning about business can help you become a well-informed consumer and member of society. ⊚ true ⊚ false 5) All economic systems must address three important issues, one of which is how the goods and services will be produced. ⊚ true ⊚ false