Zoe is a sales manager who emphasizes qualitative measures of sales results in her salesperson evaluations. Which of the following might Zoe use (a qualitative measure of sales results)?
A. average order size
B. net profit
C. quality of sales presentations
D. customer relations
E. program implementations
Answer: C
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In distinguishing between revenues and gains, which of the following statements is false?
A) More gains than revenues are beyond the entity's control. B) Gains are associated more with peripheral, nonoperating activities than are revenues. C) GAAP does not provide precise distinctions between revenues and gains. D) Revenues are reported net (rather than gross) more often than gains.
Which of the following schemes is the correct order describing the levels of the merchandise classification scheme from the highest level to the lowest level?
A. Merchandise Group-Department-Classification-Category-SKU B. Department-Merchandise Group-Classification-Category-stock-keeping unit (SKU) C. Classification-Department-Category-Merchandise Group-SKU D. Category-Classification-Merchandise Group-Department-SKU E. Merchandise Group-Classification-Department-Category-SKU
Which of the following is not a method used to determine transfer prices?
A. The balanced scorecard method B. Negotiation C. The cost-based method D. The market-price method
You have been offered a project paying $300 at the beginning of each year for the next 20 years. The first payment occurs at the beginning of the first year
What is the maximum amount of money you would invest in this project if you expect 9 percent rate of return to your investment? (Round to the nearest whole dollar) A) $2,738 B) $2,985 C) $15,347 D) $6,000