Question 38 1 pts functional area converts resources (labor, materials, money, information, etc.) into goods or services. O Marketing O Finance Management O OperationsQuestion 39 1 pts Economics is the study of the production, distribution, and consumption of goods and services. O True O FalseQuestion 40 1 pts A system where the government exerts control over the allocation and distribution of all or some goods and services is called a free market system. O True O FalseQuestion 43 1 pts After defining a problem in an ethical dilemma, the next step is to O establish criteria for determining the most appropriate action O select the best option based on the established criteria O assess the effect of each option on stakeholders O identify feasible optionsQuestion 45 1 pts When a nation is the only source of a particular product or can make more of a product, it has a(n) O competitive advantage O comparitive advantage O absolute advantage O trade advantageQuestion 46 1 pts The balance of trade equals the value of exports minus the value of imports. True O FalseQuestion 58 1 pts All are negative social impacts of tourism except O change or loss of identity and values culture clashes O ethical issues O property values increase to the point of unaffordability for local residentsQuestion 59 1 pts A service offered by a management company to manage a hotel or resort for its owners is called a O Management Contract O Hotel Director O Hotel Management O Single Company