Identify a feature about the dissolution stage in a sales relationship.
A. Failure of a proposal due to incorrect positioning of the proposed change in the relationship
B. Extensive network of personal and professional contacts in the partnering firm
C. High degree of competence even at the later stages of the partnering relationship
D. Keen awareness of the potential plans of the partnering firm
E. Failure to monitor the industry in which either the salesperson or the customer operates
Answer: E
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Which of the following is TRUE of an effective accounting information system?
A) It has little influence in improving a company's internal control activities. B) The cost of using an accounting information system is the same for both small and largebusinesses. C) A compatible accounting information system works smoothly with the business' s employees and organizational structure. D) Large private companies prefer a manual accounting information system since their financial statements are not audited.
GMC sells cars and pays each salesperson a commission of $800 for each car sold. During the month of December, a salesperson, Tom, sold 3 new cars. GMC pays commissions on the 5th day of the month following the sale. Tom operates on the cash basis; the car dealer operates on the accrual basis. Which of the following statements is true?
A) Tom will recognize commission revenue earned in the amount of $2,400 in December. B) GMC will recognize commission expense in the amount of $2,400 in December. C) Tom will recognize commission expense in the amount of $2,400 in January. D) Tom will recognize revenue in the same month that the car dealer recognizes expense.
Default is a situation where the debtor has not made payment when it is due
Indicate whether the statement is true or false
A study conducted over a ten-year period found that people with a high core self-evaluations (self-esteem is included) tended to have lower incomes
Indicate whether the statement is true or false.