Marino and Cousins were partners in an auto rental agency. They leased from Shear a vacant lot on which to store their automobiles. As rent, they gave Shear 15 percent of their monthly profits. Is Shear a partner?
No. A person is not a partner if there is no co-ownership of partnership property, there is no intent of sharing management responsibilities, and there is no provision for sharing profits and losses.
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The referral approach is most likely effective because customers:
A) appreciate prepared salespeople B) expect to ask and answer many questions C) tend to focus on benefits instead of features D) usually trust a salesperson who presents statistical data E) are impressed by product benefits presented by satisfied customers
What are non-sufficient funds (NSF) checks? How does a NSF check affect a bank reconciliation?
What will be an ideal response?
Innovative Manufacturing Company, a U.S. firm, signs a contract with Librador Corporacion, a Columbian firm, to give Librador the right to use Innovative's production processes. This is
A. a distribution agreement. B. a joint venture. C. direct exporting. D. licensing.
AAA Insurance Company specializes in property and casualty insurance for individuals such as automobile and home insurance. The company has their own branch offices across the United States with representatives who only market AAA insurance policies. In addition, consumers can get quotes and purchase via the AAA web portal. AAA Insurance also works with independent insurance agents as a way to maximize their coverage in the marketplace. AAA insurance is utilizing ______.
a. ?reverse channels
b. ?captive channel system
c. ?direct channel
d. ?dual distribution