Imagine that a management consulting firm wants to sell a bank a new system for finding checking account errors. The consulting firm's salesperson has learned about the customer during the qualification stage, and the salesperson should now do all of the following except
A. figure out how to immediately close the sale.
B. determine the system the bank is currently using.
C. conduct additional research and develop plans for meeting with the customer.
D. find out how many checks the bank processes.
E. determine the benefits of the consultant's proposed system compared with the competition.
Answer: A
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After closing the temporary owners' equity accounts into Income Summary, and after allocating the net income and closing the partners' drawing accounts, assume the partners' capital accounts had credit balances as follows: Ryan, $40,000; O'Malley, $60,000; Sullivan, $45,000 . Partners share profits and losses as follows: Ryan, 20%; O'Malley, 30%; and Sullivan, 50%. If Sullivan retired and
withdrew $40,000 in settlement of his/her equity and settlements are allocated according to capital interests, the amount entered in Ryan's capital account would be a a. $2,000 credit. b. $2,000 debit. c. $3,000 credit. d. $3,000 debit.
Wayne’s company received a very low interest loan from the federal government to help him expand his manufacturing capacity in order to better compete with foreign companies that make similar products. The trade barrier in this case is a(n) ______.
a. embargo b. quota c. subsidy d. tariff
Wages, hours, and other terms and conditions of employment are permissive subjects of collective bargaining
Indicate whether the statement is true or false
In effective global capacity management, the time horizon for monitoring and response is ______.
a. short to intermediate term (0–1 year) b. intermediate to long term (1–4 or more years) c. short to intermediate term (3–4 weeks) d. intermediate to long term (15–20 or more years)