Companies are always looking for ways to increase face-to-face selling time. All of the following are ways to accomplish this goal EXCEPT
A) using phones and video conferencing instead of traveling
B) simplifying record keeping and other administrative tasks
C) developing better sales-call and routing plans
D) reducing the number of customers each sales rep must visit
E) supplying more and better customer information
Ans: D) reducing the number of customers each sales rep must visit
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The business purpose doctrine allows the IRS to collapse a series of intermediate transactions into a single transaction to determine the tax consequences of the arrangement in its entirety.
Answer the following statement true (T) or false (F)
During persuasive speeches, if the presenter wants the audience to take some sort of action, they are seeking
a. passive agreement. b. active agreement. c. active agreement and call to action. d. passive agreement and call to action.
The following transactions occurred during July:1. Received $1,600 cash for services performed during July. 2. Received $10,000 cash from the issuance of common stock to owners. 3. Received $800 from a customer as payment for services performed during June. 4. Billed $7,000 to customers for services performed on account in July. 5. Borrowed $5,000 from the bank and signed a promissory note. 6. Received $2,000 from a customer for services to be performed during August. As a result of these transactions, what is the amount of the increase to the Cash account?
A. $19,400. B. $4,400. C. $14,400. D. $26,400.
Why is government regulation necessary to protect consumers from unfair business practices?
What will be an ideal response?