The phrase "time is of the essence" means that:?
A) the court is in a hurry to dispose of the case
B) performance under the contract at the times specified in the contract is vital or essential.
C) the contract expressly states that time is of the essence.
D) the price stated in the contract is subject to change without notice.
B
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________ is defined as reciprocal faith in others' intentions and behaviors.
A. Cooperation B. Trust C. Cohesiveness D. Unity E. Fairness
A salesperson, promoting a new type of energy drink to a grocery-store chain, develops a plan integrating promotions within the grocery store, such as in-store sampling, along with national initiatives conducted by the energy drink manufacturer, such as national advertising and social media programming. This exemplified how:
A. the selling firm would create awareness of their product and incent grocery consumers to visit the stores and purchase their energy drinks. B. the salesperson is using sales promotions to support personal selling. C. the selling firm's advertising would support publicity. D. advertising is more important than personal selling. E. the salesperson relies on other promotional elements as personal selling is not a very effective method to sell to retailers.
General controls over IT systems are typically tested using:
A. Generalized audit software. B. Test data. C. Observation, inspection, and inquiry. D. Program analysis techniques.
In which of the following situations will credit checking be made the first step in theprocedure of processing an order?
A) during recession B) during a merger C) during an acquisition D) during inflation