Because most salespeople ask closing questions, the final close is a natural part of the ongoing dialogue.
Answer the following statement true (T) or false (F)
True
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A shoe department carries more than fifty-five different styles of white sandals. This is a description of the shoe department's ________
A) merchandise breadth B) retail diversity C) merchandise depth D) point-of-sale range E) service assortment
Starting with net income and adjusting it for items that affected reported net income but which did not affect cash is called the
A) direct method. B) indirect method. C) cost-benefit method. D) working capital method.
Which of the following is a characteristic of a limited-liability company (LLC)?
A) An LLC's life is terminated at any member's choice or death. B) Each member of an LLC is liable only for his or her own actions. C) An LLC must have more than five members. D) The income of members from an LLC is not taxed.
Phyllrox Co, a large manufacturer, purchased a forklift from Brown's Equipment Co Phyllrox made a down payment in cash and signed a promissory note for $7,500 . For $7,200 Brown's sold the note to Corporate Bank, who took it in good faith without notice of any problems with it. After Phyllrox used the forklift for two weeks, it broke down and could not be repaired. Phyllrox refuses to make any
more payments to Corporate Bank. In this case: a. Phyllrox can assert the failure of the forklift as a defense to making payments to Corporate Bank. b. Corporate Bank is a holder in due course. c. Both of these are correct. d. Neither answer is correct.