_____ is when a salesperson visits a buyer's home, job site, or other location to sell infrequently purchased products or services.
A. Telemarketing
B. Home shopping
C. Repetitive person-to-person selling
D. Party plans
E. Nonrepetitive person-to-person selling
Answer: E
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Transaction exposure problem. Suppose firm ABC enters into a transaction to sell €800,000 worth of equipment to a French firm when the exchange rate is $1.35/€. The French firm will pay in euros in 60 days. At the time of payment, the exchange rate is $1.28/€. What are the consequences of this transaction of ABC’s financial statements?
What will be an ideal response?
Managers at XYZ Manufacturing Company believe that "the ends justify the means" and defend certain unethical acts because they are in the best financial interest of the company. This action BEST typifies which potential cause of unethical behavior?
a. Expectation of not getting caught b. Uncertainty about whether an act is wrong c. Excessive emphasis on profits d. Unwillingness to take a stand for what is right
________ users of accounting information are not directly involved in running the organization.
Fill in the blank(s) with the appropriate word(s).
What is a no-shop agreement?
a. An agreement whereby shareholders agree to not replace directors for a certain period of time. b. An agreement whereby directors agree to not replace officers for a certain period of time. c. An agreement whereby a target company agrees with a potential purchaser not to actively solicit other bidders but retains the right to negotiate with parties who submit unsolicited bids to the target. d. An agreement whereby shareholders agree to not replace directors or officers for a certain period of time.