Personal selling involves direct personal communication to get the sale, but personal attention is seldom required after the sale.
Answer the following statement true (T) or false (F)
False
Personal selling involves direct spoken communication between sellers and potential customers. Such sales often require personal attention even after the sale is made.
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Items classified as "cash" on the balance sheet
A) are limited to coins, currency, or bank drafts. B) must be available to pay current obligations. C) may be subject to contractual restrictions. D) do not include negotiable checks or bank drafts.
When a lot has been accepted by acceptance sampling, we know that:
A) it has more defects than existed before the sampling. B) it has had all its defects removed by 100% inspection. C) it will have the same defect percentage as the LTPD. D) it has no defects present. E) All of the above are false.
A corporation originally issued $13 par value common stock for $15 per share. Which of the following is included in the entry to record the purchase of 300 shares of treasury stock for $11 per share?
A) Treasury Stock-Common is debited for $3,300. B) Treasury Stock-Common is credited for $45. C) Retained Earnings is debited for $1,650. D) Treasury Stock-Common is debited for $1,650.
The internal and external costs associated with an economic exchange are known as interaction costs.
Answer the following statement true (T) or false (F)