What is the advantage to the firm of paying salespeople based on straight commission?
What will be an ideal response?
Commission is a percentage of the sales volume or profitability. If the sales rep receives strictly commission, and no salary, it creates a strong motivation to make the sale, which may improve results produced by the sales force.
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Independence is the avoidance of all relationships that impair or appear to impair the objectivity of the accountant
Indicate whether the statement is true or false
The transfer price which uses a variety of cost concepts is the
A) Negotiated price approach B) Standard cost approach C) Cost price approach D) Market price approach
A ___________ budget prepared for only one level of sales volume.
A. Static B. Flexible C. Volume D. Production activity
Which group of ethical theories focuses on who the leaders are as people?
A. deontological B. teleological C. altruism D. virtue-based