Tino, a salesperson, is talking to a potential customer he has just contacted. What step will Tino most likely undertake next?
A) closing
B) approaching
C) qualifying
D) prospecting
E) public relations
Answer: C
Explanation: C) When a salesperson qualifies someone, he or she determines if the prospect has the authority to buy and the ability to pay.
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A merger involving noncompeting firms producing unrelated goods and services is termed a:
a. tying arrangement. b. vertical merger. c. conglomerate merger. d. horizontal merger.
Mountain Excursions issues a bond due in 10 years with a stated interest rate of 7% and a face value of $200,000. Interest payments are made semi-annually. The market rate for this type of bond is 8%. What is the issue price of the bond (rounded to nearest whole dollar? (Use a financial calculator or Excel)
A. $139,609. B. $200,000. C. $214,877. D. $186,410.
Mrs. O'Leary hired Jenna to sell her house in Michigan. She executed a power of attorney in favor of Jenna authorizing her to do "anything and everything associated with the sale of real estate, acting as a prudent person." On May 30, Jenna finalized a deal with Brandon for the purchase of the house. Brandon and Jenna signed the real estate contract that day. Jenna learned the next day that Mrs
O'Leary had died May 29. A)The contract is void since the agency terminated May 29. B)The contract is valid since the agency's purpose was achieved before Jenna was notified of Mrs. O'Leary's death. C)The contract is voidable at the option of Mrs. O'Leary's estate. D)The contract is voidable at the option of Brandon.
Under the WTO's dispute-settlement procedures, who can bring a complaint for nullification and impairment?
A) A corporation B) A group of corporations within an industry C) A government D) All of the above