You're sending a solicited proposal to a local restaurant in an effort to become its primary food vendor. The letter of transmittal to accompany the proposal should follow the format for
A) positive messages.
B) bad-news messages.
C) persuasive messages.
D) routine messages.
E) operational reports.
Answer: A
Explanation: A) If the proposal is solicited, treat the transmittal letter as a positive message, highlighting those aspects of your proposal that may give you a competitive advantage. If the proposal is unsolicited, the transmittal letter should follow the advice for persuasive messages, the letter must persuade the reader that you have something worthwhile to offer that justifies reading the proposal.
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Under the original provisions of the Reciprocal Trade Agreements Act, the president of the United States was authorized to cut tariffs up to
a. 10 percent. b. 50 percent. c. 75 percent. d. 100 percent.
A commercial factor in project selection and screening might be:
A) A need to develop employees. B) The likelihood that users of the project are injured. C) The long-term market dominance. D) The impact on the company's image.
Profit margin is defined as:
A. Net income divided by assets. B. Revenues divided by net sales. C. Net income divided by net sales. D. Net sales divided by assets. E. Net sales divided by net income.
Apollo Corp reported the following balance sheet:
Cash $28,000 Accounts payable $5,000 Accounts receivable 15,000 Notes Payable 12,000 Inventory 45,000 Accruals 17,000 Net Fixed Assets 122,000 Long-Terms Debt 45,000 Common Stock 10,000 Retained Earnings 121,000 Total assets $210,000 Total Liab. & Equity $210,000 Apollo Corp's debt ratio is A) 37.62%. B) 32.17%. C) 39.45%. D) 42.95%.